The regtech industry in China is expected to grow by 34.0% on annual basis to reach US$514.95 million in 2024.
The regtech industry is expected to grow steadily over the forecast period, recording a CAGR of 22.2% during 2024-2029. The regtech in the country will increase from US$384.29 million in 2023 to reach US$1.40 billion by 2029.
This report provides a detailed data centric analysis of regtech industry, covering market opportunities and risks. With over 50+ KPIs at country level, this report provides a comprehensive understanding of regtech market dynamics, market size and forecast, and market share statistics.
The RegTech landscape in China is rapidly evolving, driven by technological advancements and increasing regulatory pressures. As organizations seek to enhance their compliance capabilities, the demand for innovative RegTech solutions will continue to grow. While challenges such as regulatory complexity and data onshoring rules persist, opportunities for collaboration and growth abound. By embracing advanced technologies and fostering partnerships, the Chinese RegTech sector is well-positioned to become a global leader in regulatory innovation, benefiting organizations, regulators, and consumers.
The regtech industry is expected to grow steadily over the forecast period, recording a CAGR of 22.2% during 2024-2029. The regtech in the country will increase from US$384.29 million in 2023 to reach US$1.40 billion by 2029.
This report provides a detailed data centric analysis of regtech industry, covering market opportunities and risks. With over 50+ KPIs at country level, this report provides a comprehensive understanding of regtech market dynamics, market size and forecast, and market share statistics.
The RegTech landscape in China is rapidly evolving, driven by technological advancements and increasing regulatory pressures. As organizations seek to enhance their compliance capabilities, the demand for innovative RegTech solutions will continue to grow. While challenges such as regulatory complexity and data onshoring rules persist, opportunities for collaboration and growth abound. By embracing advanced technologies and fostering partnerships, the Chinese RegTech sector is well-positioned to become a global leader in regulatory innovation, benefiting organizations, regulators, and consumers.
Trends in RegTech
Recent RegTech trends in China show significant growth due to rising regulatory complexity and the demand for efficient compliance solutions.Key trends include:
- Rapid Market Growth: The Chinese RegTech market is expected to grow significantly. It is projected to reach approximately $16.21 billion in 2024. Rising compliance costs and the increasing incidence of financial fraud fuel this growth.
- Adoption of Advanced Technologies: There is a marked shift towards utilizing artificial intelligence, machine learning, and blockchain technologies to significantly enhance compliance processes. These technologies enable real-time monitoring and predictive analytics, empowering organizations to manage regulatory risks confidently.
- Government Support: The Chinese government is actively encouraging the implementation of RegTech solutions to streamline compliance and improve financial security, particularly as the digital economy expands.
Example
- A notable example is Ant Group, which has developed RegTech solutions that leverage big data and AI to enhance compliance and risk management in financial transactions. Their platform helps financial institutions efficiently navigate regulatory requirements, showcasing the practical application of RegTech in China’s dynamic financial landscape.
Partnerships and Collaborations
- The People's Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) are working together to encourage the use of technology to regulate the financial industry. In 2022, the PBoC released a set of draft administrative measures on data security management for public consultation, signalling the watchdog's enhanced emphasis on data processing securities amid geopolitical tensions.
- The PBoC and HKMA are working together to improve the financial system by using technology to improve regulation. The partnership has also led to the development of a sound system of standards and rules and a data-driven, platform-supported regulatory framework. By working together, these organizations are helping to raise the profile of RegTech and promote its integration into regulatory frameworks, ultimately benefiting both the Chinese and Hong Kong financial sectors.
Scope
This report provides an in-depth data-centric analysis of the RegTech industry in China through 118 tables and 144 charts. Below is a summary of key market segments.Regulatory Compliance Spending
Regulatory Compliance Spending By Industry
- Banking and Financial Services
- Insurance
- Healthcare
- Telecommunications
- Retail
- Transportation and Logistics
- Real Estate
- Government and Public Sector
- Other Industries
RegTech Spending
RegTech Companies Market Share
By Type of Products
- Identity Verification Solutions
- Compliance Management Platforms
- Automated Reporting Tools
- Transaction Monitoring Systems
- Risk Assessment Tools
- Fraud Detection Systems
- Data Protection Technologies
- Training and E-Learning Platforms
- Regulatory Intelligence Tools
- Workflow Automation Solutions
- Other Products
By Industry
- Banking and Financial Services
- Insurance
- Healthcare
- Telecommunications
- Retail
- Transportation and Logistics
- Real Estate
- Government and Public Sector
- Other Industries
By Technology
- Artificial Intelligence (AI)
- Big Data Analytics
- Robotic Process Automation (RPA)
- Blockchain Technology
- Cloud Computing
- API Integrations and Biometric Authentication
- Data Encryption and Security Technologies
- Data Visualization Tools
- Other Technology
By Industry and Type of Products
Banking and Financial Services and Type of Products
- Identity Verification Solutions
- Compliance Management Platforms
- Automated Reporting Tools
- Transaction Monitoring Systems
- Risk Assessment Tools
- Fraud Detection Systems
- Regulatory Intelligence Tools
- Workflow Automation Solutions
- Data Protection Technologies
- Other Products
Insurance and Type of Products
- Identity Verification Solutions
- Compliance Management Platforms
- Automated Reporting Tools
- Transaction Monitoring Systems
- Risk Assessment Tools
- Fraud Detection Systems
- Data Protection Technologies
- Other Products
Healthcare and Type of Products
- Compliance Management Platforms
- Data Protection Technologies
- Training and E-Learning Platforms
- Other Products
Telecommunications and Type of Products
- Compliance Management Platforms
- Data Protection Technologies
- Other Products
Retail and Type of Products
- Fraud Detection Systems
- Data Protection Technologies
- Other Products
Transportation and Logistics and Type of Products
- Transportation and Logistics Compliance Management Platforms
- Risk Assessment Tools
- Other Products
Real Estate and Type of Products
- Compliance Management Platforms
- Workflow Automation Solutions
- Other Products
Government and Public Sector and Type of Products
- Compliance Management Platforms
- Regulatory Intelligence Tools
- Other Products
Technology and Type of Products
Artificial Intelligence (AI) Technology and Type of Products
- Identity Verification Solutions
- Fraud Detection Systems
- Risk Assessment Tools
- Regulatory Intelligence Tools
- Other Products
Big Data Analytics Technology and Type of Products
- Compliance Management Platforms
- Automated Reporting Tools
- Transaction Monitoring Systems
- Other Products
Robotic Process Automation (RPA) Technology and Type of Products
- Compliance Management Platforms
- Workflow Automation Solutions
- Other Products
Blockchain Technology and Type of Products
- Identity Verification Solutions
- Automated Reporting Tools
- Other Products
Cloud Computing Technology and Type of Products
- Compliance Management Platforms
- Automated Reporting Tools
- Other Products
API Integrations and Biometric Authentication and Type of Products
- Identity Verification Solutions
- Automated Reporting Tools
- Other Products
Data Encryption and Security Technologies and Type of Products
- Protection Technologies
- Fraud Detection Systems
- Other Products
Data Visualization Tools and Type of Products
- Regulatory Intelligence Tools
- Regulatory Reporting
- Automated Reporting Tools
- Other Products
By Deployment
- Service Model
- On-premise Model
- Hybrid Model
By Product Offering
- Service
- Solution
By Company Size
- Small Company
- Medium Company
- Large Company
Reasons to buy
- Gain comprehensive Market Insights: Access detailed analyses of RegTech spending across various industries, including banking, healthcare, and retail. This understanding will enable you to allocate budgets effectively and prioritize investments based on market demand.
- Product and Technology Breakdown: Explore various RegTech products, such as identity verification solutions, compliance management platforms, and fraud detection systems. Insights into the adoption of technologies like AI, blockchain, and RPA will inform your product development and integration strategies.
- Industry-Specific Applications: Gain tailored insights on how different sectors implement RegTech solutions. By examining industry-specific needs, you can better align your offerings to meet regulatory requirements and enhance operational efficiency.
- Market Share and Competitive Analysis: Understand the competitive landscape through in-depth market share analysis among RegTech companies. This information will assist in identifying potential partnerships and benchmarking your organization against key market players.
- Deployment Models and Compliance Focus: Review various deployment options, including on-premise, hybrid, and service models, to determine the best fit for your organization. Additionally, grasp the regulatory landscape to ensure compliance management strategies are both proactive and effective.
Table of Contents
1 About this Report
3 China Regulatory Compliance Spending Market Size and Forecast by Industry, 2020-2029
5 China RegTech Spending by Type of Products
6 China RegTech Spending Market Size and Forecast by Industry, 2020-2029
7 China RegTech by Technology, 2020-2029
8 China RegTech Banking and Financial Services by Type of Products, 2020-2029
9 China RegTech Technology by Type of Products, 2020-2029
10 China RegTech by Deployment, 2020-2029
11 China RegTech by Product Offering, 2020-2029
12 China RegTech by Company Size, 2020-2029
13 China Key Market Player of RegTech
14 Further Reading
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 177 |
| Published | October 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 0.52 Billion |
| Forecasted Market Value ( USD | $ 1.4 Billion |
| Compound Annual Growth Rate | 22.2% |
| Regions Covered | China |
