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Big data and SME financing in China


Citation

Sheikh Hassan, Ahmad Fahmi and Ab Razak, Nazrul Hisyam and Tian, Z. (2018) Big data and SME financing in China. Journal of Physics: Conference Series, 1018. art. no. 012002. pp. 1-8. ISSN 1742-6588; ESSN: 1742-6596

Abstract

Big Data is becoming more and more prevalent in recent years, and it attracts lots of attention from various perspectives of the world such as academia, industry, and even government. Big Data can be seen as the next-generation source of power for the economy. Today, Big Data represents a new way to approach information and help all industry and business fields. The Chinese financial market has long been dominated by state-owned banks; however, these banks provide low-efficiency help toward small- and medium-sized enterprises (SMEs) and private businesses. The development of Big Data is changing the financial market, with more and more financial products and services provided by Internet companies in China. The credit rating models and borrower identification make online financial services more efficient than conventional banks. These services also challenge the domination of stateowned banks.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Putra Business School
DOI Number: https://doi.org/10.1088/1742-6596/1018/1/012002
Publisher: IOP Publishing
Keywords: Big data; Small- and medium-sized enterprises (SMEs); Financial services
Depositing User: Ms. Nuraida Ibrahim
Date Deposited: 30 Nov 2020 07:56
Last Modified: 30 Nov 2020 07:56
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1088/1742-6596/1018/1/012002
URI: http://psasir.upm.edu.my/id/eprint/73267
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