I would like to share the latest FinTech developments in China and some of our observations. First, updates on FinTech developments in China. Over recent years, FinTech has been developing rapidly and robustly in China. Financial institutions made continued efforts to promote digital transformation. Financial products and tools became more diversified, and financial services more efficient and inclusive.
These flows are expected to be sustained at similar levels in 2011. Inevitably these flows have had implications for the exchange rates of many emerging markets, including South Africa. 2  BIS Review 165/2010  The impact on the South African economy The South African economy reverted to positive growth in the second half of 2009.