In spite of recent regulatory headwinds against Fintech, DBS believes that the long-term outlook on the new emerging sector still remains positive. Consumption upgrade, underserved borrowing needs by traditional banks, and a growing tech-savvy population are three macro trends that are underpinning growth in the sector. With an average trading valuation of 5-6 times price-to-earnings, valuation for fintech plays is undemanding. To tap onto the growth potential of Fintech in China, here are three Fintech plays you can invest in, according to DBS.
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