Industry landscapes
The companies, capital and talent shaping financial services in China. Find the leaders. Understand the segments. See where the activity is.
An industry ecosystem,
measured in context.
24 featured companies from the funding, hiring, revenue and team-size leaderboards.
Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗
Recently founded means a recorded 2023–2026 founding year and no recorded parent, acquirer or public-company status. These companies are not labelled startups without that separate classification.
Explore classified startups in Radar ↗A few useful ratios bring the size of this ecosystem into perspective.
34 of 2,443 tracked companies have open roles.
192 of 2,443 tracked companies have a recorded round.
Share of disclosed capital received by the three largest recorded recipients.
Midpoint of 142 rounds with a disclosed amount.
Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 41.3% of disclosed capital, while 92.1% of tracked companies have no recorded funding round.
Explore the segments →Recorded company formation and disclosed funding across the complete annual series shown.
Sum of recorded funding rounds · USD
| Year | Funding (USD) | Founded | Raising |
|---|---|---|---|
| 2016 | $864.14M | 131 | 8 |
| 2017 | $10.62B | 120 | 17 |
| 2018 | $7.18B | 100 | 25 |
| 2019 | $2.34B | 78 | 17 |
| 2020 | $2.77B | 78 | 21 |
| 2021 | $4.28B | 42 | 11 |
| 2022 | $1.25B | 43 | 13 |
| 2023 | $7.1B | 24 | 3 |
| 2024 | $598.52M | 17 | 6 |
| 2025 | $30.67M | 3 | 4 |
Share of all disclosed company funding.
279 recorded rounds since 2016
Recorded participation in financial services company rounds since 2016.
Backed by GIIHG and Saiyi Industrial Fund.
Backed by Hack VC and Jump Crypto and others.
Backed by AIA Group.
Backed by Mackenzie.
Backed by Alibaba Group and Evergrande and others.
Backed by Aoyuan Property group.
Backed by JD.com.
Backed by Global Fund Investments and Huarong International Financial Holdings and others.
Backed by Ontario Teachers' Pension Plan and ABC Impact.
Backed by China Internet Investment Fund and Yunfeng Capital and others.
Backed by The Rise Fund and Ant Group and others.
Participating investors were not recorded in this snapshot.
The measured China identity-to-filing probe did not produce a qualifying designated legal or national-ID join: the scoped identities lack an authoritative Chinese registrar mapping; bare ticker overlaps produced no complete annual revenue and net-income statement groups.
How the China companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.
26 of the 2,443 companies on this page carry a measured traffic record (1.1%); these are the largest of those, by monthly visits. The median among them is 171,104 visits.
| Company | Monthly visits | Authority | Mobile |
|---|---|---|---|
| Hang Seng Bankhangseng.com | 2,526,030 | 58 | 66.7% |
| Bank of Chinabochk.com | 1,968,451 | 58 | 55.3% |
| China Construction Bankccb.com | 1,386,455 | 42 | 15.7% |
| HKEXhkex.com.hk | 591,848 | 55 | 22% |
| Shanghai Stock Exchangesse.com.cn | 565,805 | 42 | 3% |
| Manulifemanulife.com.hk | 378,179 | 49 | 45.6% |
| Bank of Communicationsbankcomm.com | 354,574 | 39 | 47.9% |
| The Bank of East Asiahkbea.com | 347,197 | 49 | 31.2% |
| Dah Sing Groupdahsing.com | 266,176 | 41 | 39.6% |
| Shenzhen Wealth Trends Technologytdx.com.cn | 253,493 | 32 | 0% |
Visits and authority are third-party web estimates, not company-reported figures.
95 of these companies (3.9%) publish at least one Android app — 164 apps in all, carrying 12.5M installs between them.
| App | Installs | Rating | Store category |
|---|---|---|---|
| BOCHK中銀香港Bank of China | 2.2M | 4.7 | Finance |
| Hang Seng Personal BankingHang Seng Bank | 1.8M | 2.3 | Finance |
| BoC Pay+Bank of China | 1M | 3.1 | Finance |
| BEA Mobile 東亞手機銀行The Bank of East Asia | 752.9K | 4.6 | Finance |
| 招商银行China Merchants Bank | 703.4K | 3 | Finance |
| inMotion by CNCBIChina CITIC Bank International | 638.5K | 2.2 | Finance |
| Manulife HK & MacauManulife | 567.7K | 4.5 | Finance |
| AEON HKAEON | 540.2K | — | Finance |
| Emma by AXAAXA | 345K | — | Finance |
| Dah Sing BankDah Sing Group | 288.9K | 4.2 | Finance |
Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.
The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q3–2026Q2).
| Segment | Apps | Installs | Leading app | Release trend |
|---|---|---|---|---|
| Banks | 55 | 9M | BOCHK中銀香港 2.2M | |
| Asset Management | 38 | 859.5K | Manulife HK & Macau 567.7K | |
| Insurance Carriers | 14 | 694.3K | Emma by AXA 345K | |
| Consumer And Sme Loans | 2 | 543.5K | AEON HK 540.2K | |
| Services For Investment Industry | 20 | 485.5K | MPFA ePA 177.3K | |
| Brokers And Dealers | 18 | 422.6K | 耀才證券(寶寶)-買賣全球股票產品，一世免平台費 235.9K | |
| Post-Trade Services | 3 | 395.5K | Bright Smart Securities (MH) 94.2K | |
| Service Providers To Banks | 6 | 208.5K | OCBC Hong Kong 106.5K |
A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.
New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.
Darker bars are new releases, lighter bars apps updated. 138 of 164 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.
Explore the segments behind the headline numbers.
Rank segments by scale, hiring or disclosed funding.
Companies can sit in several segments. Counts and funding overlap.
The largest measured segment in this report snapshot.
1 companies hiring · $728.85M disclosed funding
Explore in RadarCommon revenue models; a company can use more than one.
Recorded corporate activity linked to companies in this landscape.
two state-backed brokerages in Shanghai have unveiled plans to merge, creating a US$86 billion firm and advancing Beijing’s ambition to forge investment banks capable of competing with Wall Street’s elite.
The deVere Group said today that it had acquired the Shanghai-based Elite Investment Group
In July, it acquired Acuma, a major United Arab Emirates advisory firm
Kingdom, a platform for battery energy storage systems (?BESS), founded by Stonepeak, a leading alternative investment company specializing in infrastructure and property, today announced that it has completed its first long-term project financing facility for its Mimasaka project, a 29 MW battery energy storage project in Mimasaka, Okama Prefecture, Chugoku, Japan.
Greenpro Capital Corp. today announced the completion of a strategic share exchange with Forekast Limited ("Forekast")
Bird & Bird is pleased to announce that its Hong Kong office acted as Hong Kong legal advisers to the largest shareholder of The Women’s Clinic Group Limited (寶德醫務集團有限公司) (“TWCG“) in connection with the sale of its controlling stake in TWCG to Templewater.
The gross proceeds to the Company from the registered direct offering are estimated to be approximately $3 million before deducting the placement agent’s fees and other estimated offering expenses.
AIA Group Ltd acquired a new stake in Eastman Chemical Company (NYSE:EMN – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
AGM Group Holdings, a global integrated technology leader and Nasdaq‑listed company, recently announced the successful completion of a series of strategic financing initiatives, including an up‑to $25 million equity line of credit (ELOC) and multiple convertible note issuances.
Hong Kong – Hang Seng Bank has officially been delisted from the Hong Kong Stock Exchange as HSBC completes its privatisation and full takeover of the domestic lender, which serves four million customers through over 250 branches.
Top 10 categories among 604 recorded events in the 24-month window.
10 companies with recorded IPO activity
IPO · Hong Kong Stock Exchange1 reports
IPO1 reports
IPO1 reports
IPO1 reports
IPO1 reports
IPO1 reports
IPO · Hong Kong Stock Exchange1 reports
IPO · Hong Kong1 reports
60 tracked people moves
Appointment Chairman and Executive Director
Resignation Previously Chairman
Appointment Senior Executive Vice President
Appointment Vice President
Retirement Previously Chairman of Zheshang Bank
Appointment Acting Chairman of Zheshang Bank
Resignation Previously President of Zheshang Bank
Appointment Chief Executive Officer
Products, platforms and features in the recorded window
working capital and asset-based lending
AI-powered advisory platform
Secure generative AI platform
Trading platform
Trading platform
WhatsApp chatbot
AI chatbot
Credit Assessment
12 recorded customer wins
Customer: Zain Nigeria
Customer: Lloyd\'s of LondonInsurance
Customer: MSEDCL
Customer: World Platinum Technologies IncGaming systems and content distribution
Customer: Vietnam casinoGaming
Customer: turkish airlinesAviation
3 companies with reported reductions
1.0% rolescost reduction
Scale not stated rolesbusiness goals
5.0% rolescost reduction
24 recorded events
fined for violations including unapproved rate use and improper salesNational Financial Regulatory Administration (NFRA)
Investigation initiatedIndependent Commission Against Corruption (ICAC)
Investigation initiatedIndependent Commission Against Corruption (ICAC)
approved acquisition
14 tracked suits
securities fraud allegations involving misstatements and undisclosed related‑party transacClass Action · Filed
malicious lawsuit & fraud accusationsCivil · Verdict
Reported company results in the recorded window.
Median across 100 reported growth observations; companies may contribute multiple periods.
Company-linked deal reports; status is preserved as recorded.
| Acquirer → target | Status | Date | Value / context |
|---|---|---|---|
| Orient Securities→Shanghai Securities | Announced | 2026-04-20 | Not stated in snapshot |
| devere group→Acuma Hong Kong ↗ | Completed | 2026-04-15 | Not stated in snapshot |
| devere group→Elite Investment Group ↗ | Completed | 2026-04-15 | Not stated in snapshot |
| BSAM→Credit Suisse Securities (China) Ltd. | Announced | 2026-04-12 | Not stated in snapshot |
| GreenPro Capital→forekast | Completed | 2026-04-06 | Not stated in snapshot |
| Shenzhen Kingdom Technology→breakthrough energy ventures | Announced | 2026-04-02 | Not stated in snapshot |
A discussion or rumour is not a completed transaction. An unstated value is not zero.
1 postings in the preceding 12 months. The full 7-posting snapshot covers 6 employers.
0 tracked postings mention remote work.
4 postings specify a level.
Top skills across 7 tracked postings in the available jobs snapshot.
| Company | Employees |
|---|---|
| Agricultural Bank of China ↗ | 487,307 |
| China Construction Bank ↗ | 352,621 |
| ping an global voyager ↗ | 344,223 |
| Ping An ↗ | 344,223 |
| Postal Savings Bank of China ↗ | 168,580 |
| First Pacific ↗ | 102,530 |
| China Pacific Insurance ↗ | 101,887 |
| Industrial Bank ↗ | 61,633 |
508 founders and chief executives across 413 companies.
Ex-McKinsey. Massachusetts Institute of Technology
The Redwood Group, Ex-Co-Founder AMB BlackPine, Prologis. INSEAD MBA
Tianjin University of Finance and Economics 2012, Renmin University of China 2017
Ex-Shanghai Guangxin Technology Development. Fudan University 1991, Cheung Kong Graduate School of Business MBA 2009
Samdani Qureshi Aqlaal, ex-Asian Development Bank, The Asia Foundation. Kingston University BA 1981, University of Cambridge LLB 1982
Ex-Tencent Group.
Chairman Xi'an Maike Metal International Group, Maike Investment Holdings
Ex-Standard Chartered Bank, Bank of America, ABN AMRO. Nanjing Tech University 1990, University of Twente 1994
Peak Re, ex-Fj Hahn And Associates, ex-Himalayan Consensus, IMD, Columbia, Swiss Re Academy, 2006
Ex-CreditEase, BroadTelligent, JPMorgan Chase, AIG, Fleet Financial Group. GWU Washington PhD 1994, Cornell University MBA 1996
University of Science and Technology Beijing
Ex- Deutsche Bank, Morgan Stanley, and Snow Lake Capital, Harvard University
50 profiles with education records.
7 profiles with prior-work records.
Profiles cover recorded founders and leaders; contact details remain in Radar.
915,671 articles in the measured 12-month window.
Financial Services coverage across China · articles per complete quarter
| Quarter | Articles |
|---|---|
| 2021Q2 | 115,950 |
| 2021Q3 | 129,566 |
| 2021Q4 | 111,747 |
| 2022Q1 | 132,639 |
| 2022Q2 | 124,184 |
| 2022Q3 | 153,416 |
| 2022Q4 | 155,123 |
| 2023Q1 | 168,788 |
| 2023Q2 | 156,857 |
| 2023Q3 | 171,982 |
| 2023Q4 | 145,874 |
| 2024Q1 | 158,582 |
| 2024Q2 | 167,948 |
| 2024Q3 | 167,082 |
| 2024Q4 | 188,591 |
| 2025Q1 | 267,729 |
| 2025Q2 | 200,617 |
| 2025Q3 | 349,421 |
| 2025Q4 | 146,227 |
| 2026Q1 | 158,117 |
Article volume measures coverage, not market sales.
845 recorded company events across 93 companies; percentages use that event total.
Financial Services coverage across China · ranked by full-period article count.
Recent and prior counts use the source comparison windows.
Financial Services coverage across China
| Keyword | Recent | Prior | Change |
|---|---|---|---|
| countries | 3,907 | 1,710 | 128% |
| sustainable city planning | 3,123 | 65 | 4705% |
| domestic robots | 2,604 | 201 | 1196% |
| toy robots | 2,588 | 164 | 1478% |
| stablecoin fx impact | 1,810 | 739 | 145% |
| summit diplomacy | 1,732 | 1,124 | 54% |
| sanctions policies | 1,664 | 996 | 67% |
| export sanctions | 1,610 | 703 | 129% |
| wto rulings | 1,273 | 424 | 200% |
| asian games | 1,206 | 38 | 3074% |
| economic slowdown | 2,779 | 4,901 | -43% |
| preferential tariff | 2,921 | 4,820 | -39% |
| tariff rate quota | 2,212 | 3,343 | -34% |
| mfn tariff | 1,797 | 2,855 | -37% |
| gold futures trends | 1,632 | 2,735 | -40% |
Financial Services coverage across China
territories, disputed islands, tariff negotiations
42.2% critical · 17.4% positiveinflation reports fx, currency intervention policies, trade deficits fx
50.1% critical · 40.0% positivegdp growth rate, gdp acceleration, economic output growth
44.2% critical · 39.8% positiveFinancial Services coverage across China. Topic labels describe recorded classifications and can include broad context.
Compare demand signals in China’s newsflow with the financial services categories mapped to each signal.
Signal percentile − supply percentile = gap in percentile points. Positive gaps highlight questions to investigate. A high signal can reflect spending pressure or access friction, as well as potential demand.
The comparison is relative to the signal families on this page. A supply percentile of zero means the lowest relative reading, not zero companies. It is a prioritisation clue, not measured market size or unmet demand.
Signal and mapped-supply percentiles, their gap, and change in the signal’s article share.
Swipe horizontally to compare all columns →
| Signal family | Signal percentile | Supply percentile | Relative gap | Gap (points) | Signal share vs prior year |
|---|---|---|---|---|---|
| Crypto & digital assets ↗Adoption Shift | 87.5 | 0.0 | +87.5 | +133.2% | |
| Market volatility ↗Macro Pressure | 50.0 | 33.3 | +16.7 | -47.9% | |
| Interest rates & policy ↗Macro Pressure | 62.5 | 83.3 | -20.8 | -61.0% | |
| Layoffs & income shocks ↗Spending Pressure | 50.0 | 83.3 | -33.3 | -37.8% | |
| Data & privacy regulation ↗Compliance Pressure | 0.0 | — | No matching category | — | -64.2% |
Showing all 5 signals. Select a family for its history and mapped categories.
All 12 city readings for these demand families in the comparison geography. China is highlighted.
Each city’s reading is a share of its own coverage.
Interest rates & policy · Market volatility · Layoffs & income shocks
Crypto & digital assets · Layoffs & income shocks · Market volatility
Market volatility · Interest rates & policy · Layoffs & income shocks
Market volatility · Interest rates & policy · Layoffs & income shocks
Market volatility · Interest rates & policy · Crypto & digital assets
Interest rates & policy · Market volatility · Layoffs & income shocks
Interest rates & policy · Layoffs & income shocks · Market volatility
Market volatility · Data & privacy regulation · Interest rates & policy
Layoffs & income shocks · Data & privacy regulation · Interest rates & policy
Market volatility · Layoffs & income shocks · Interest rates & policy
Layoffs & income shocks · Market volatility · Interest rates & policy
Crypto & digital assets · Layoffs & income shocks · Interest rates & policy
Crypto cycles can pull exchange, wallet and compliance demand in waves.
Companies can appear in multiple categories; these counts are not a unique-company total.
Mentions per 10,000 articles · zero baseline
| Quarter | Mentions | Per 10,000 articles |
|---|---|---|
| 2024Q3 | 52 | 8.18 |
| 2024Q4 | 69 | 10.06 |
| 2025Q1 | 117 | 11.63 |
| 2025Q2 | 235 | 35.89 |
| 2025Q3 | 1041 | 58.02 |
| 2025Q4 | 207 | 26.34 |
| 2026Q1 | 111 | 18.0 |
Volatility can drive trading, hedging and advice-seeking in the same week it spikes.
Companies can appear in multiple categories; these counts are not a unique-company total.
Mentions per 10,000 articles · zero baseline
| Quarter | Mentions | Per 10,000 articles |
|---|---|---|
| 2024Q3 | 305 | 47.97 |
| 2024Q4 | 394 | 57.42 |
| 2025Q1 | 516 | 51.27 |
| 2025Q2 | 541 | 82.63 |
| 2025Q3 | 314 | 17.5 |
| 2025Q4 | 473 | 60.19 |
| 2026Q1 | 334 | 54.17 |
Rate moves can reprice every loan book — lending and deposit products feel it first.
Companies can appear in multiple categories; these counts are not a unique-company total.
Mentions per 10,000 articles · zero baseline
| Quarter | Mentions | Per 10,000 articles |
|---|---|---|
| 2024Q3 | 605 | 95.15 |
| 2024Q4 | 758 | 110.46 |
| 2025Q1 | 568 | 56.44 |
| 2025Q2 | 652 | 99.58 |
| 2025Q3 | 577 | 32.16 |
| 2025Q4 | 398 | 50.65 |
| 2026Q1 | 331 | 53.68 |
Layoff cycles can pull discretionary spend back toward value offerings.
Companies can appear in multiple categories; these counts are not a unique-company total.
Mentions per 10,000 articles · zero baseline
| Quarter | Mentions | Per 10,000 articles |
|---|---|---|
| 2024Q3 | 217 | 34.13 |
| 2024Q4 | 189 | 27.54 |
| 2025Q1 | 159 | 15.8 |
| 2025Q2 | 232 | 35.43 |
| 2025Q3 | 296 | 16.5 |
| 2025Q4 | 116 | 14.76 |
| 2026Q1 | 150 | 24.33 |
Privacy rules can land as engineering requirements — consent, data handling and audit tooling follow.
This signal has no matching category in the page’s financial services market map, so no supply percentile or gap is assigned.
Mentions per 10,000 articles · zero baseline
| Quarter | Mentions | Per 10,000 articles |
|---|---|---|
| 2024Q3 | 58 | 9.12 |
| 2024Q4 | 40 | 5.83 |
| 2025Q1 | 244 | 24.24 |
| 2025Q2 | 57 | 8.71 |
| 2025Q3 | 68 | 3.79 |
| 2025Q4 | 33 | 4.2 |
| 2026Q1 | 61 | 9.89 |
China financial services coverage
Ecological Economics
569 citations in the snapshot
American Economic Review
525 citations in the snapshot
International Journal of Information Management
324 citations in the snapshot
Human Resource Management
295 citations in the snapshot
China coverage of this page's demand families
| Keyword | Recent articles | Prior articles | Share change |
|---|---|---|---|
| nft markets | 73 | 34 | 28.9% |
| commodity indices | 47 | 30 | -5.9% |
| currency depreciation | 40 | 32 | -24.9% |
| precious metals | 205 | 194 | -36.6% |
| em fx reserves | 93 | 93 | -40.0% |
| exchange rates | 272 | 286 | -42.9% |
Share changes describe coverage in the stated comparison periods, not search demand or market size.
Company counts, hiring and disclosed funding across the recorded hubs.
46.9% across the displayed hubs
21 companies hiring · $3.6B disclosed funding
Explore companies in Hong Kong ↗
13.7% across the displayed hubs
2 companies hiring · $5.3B disclosed funding
Explore companies in Shanghai ↗
13.0% across the displayed hubs
0 companies hiring · $8.6B disclosed funding
Explore companies in Beijing ↗
9.2% across the displayed hubs
0 companies hiring · $3.0B disclosed funding
Explore companies in Shenzhen ↗4.9% across the displayed hubs
4 companies hiring · $4.2M disclosed funding
Explore companies in Wan Chai ↗
4.9% across the displayed hubs
1 companies hiring · $592.3M disclosed funding
Explore companies in Chaoyang ↗
4.0% across the displayed hubs
2 companies hiring · $630.0K disclosed funding
Explore companies in Kowloon ↗
3.5% across the displayed hubs
0 companies hiring · $768.3M disclosed funding
Explore companies in Hangzhou ↗Clear definitions for making better comparisons.
It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.
No. A company can belong to several segments, so segment counts and funding can overlap.
A dash or unavailable panel means the current reviewed source snapshot does not support that figure.
Company ecosystem snapshot: 6 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.
Canonical landscape ↗