Shenzhen Fintech Sandbox Announces Second Round of Innovation Projects

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The southern Chinese city of Shenzhen has announced the second batch of projects for its fintech sandbox.

On 12 January the Shenzhen Fintech Innovation Regulatory Trials Work Team (深圳金融科技创新监管试点工作组) publicly announced a second set of four “innovative applications.”

The projects include:

No. Project nameCategoryApplicant
1Ping An Good Chain Supply Chain Financial ServicesFinancial servicesPing An Bank
2E-commerce export cross-border renminbi collection services based on artificial intelligenceFinancial servicesThe Shenzhen branch of the Industrial and Commercial Bank of China (ICBC)
3Micro, small and medium-sized enterprise supply chain financial services based on artificial intelligenceFinancial servicesBank of Lanzhou
4Smart risk control product based on big dataTech productWeBank, Agricultural Bank of China (ABC)

The announcement of the four new projects comes after the Shenzhen authorities announced the first batch of projects for its fintech sandbox trials in August 2020.

The Chinese central bank first flagged the launch of fintech sandbox regulatory trials at the end of 2019, beginning with Beijing. 

The number of Chinese cities cleared for fintech sandbox trials has since risen to eight in total, including Bei­jing, Shang­hai, Chongqing, Shen­zhen, Xiong’an New Dis­trict, Hangzhou, Suzhou, Guangzhou and Chengdu. 

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