---
title: "Regulatory Sandbox for FinTech: UK-China Collaboration to Promote Financial Innovation"
ocid: "ocds-b5fd17-d90b5c05-0b32-43b3-b0e9-f4bdc470ae72"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-d90b5c05-0b32-43b3-b0e9-f4bdc470ae72"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-d90b5c05-0b32-43b3-b0e9-f4bdc470ae72.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-d90b5c05-0b32-43b3-b0e9-f4bdc470ae72.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FOREIGN & COMMONWEALTH OFFICE"
published: "2017-10-20"
---

# Regulatory Sandbox for FinTech: UK-China Collaboration to Promote Financial Innovation

Buyer: FOREIGN & COMMONWEALTH OFFICE  
Current stage: Award  
OCID: ocds-b5fd17-d90b5c05-0b32-43b3-b0e9-f4bdc470ae72

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## Summary

The Foreign & Commonwealth Office has completed a public procurement process titled "Regulatory Sandbox for FinTech: UK-China Collaboration to Promote Financial Innovation" aimed at enhancing financial innovation regulation. The tender falls under the category of research and development consultancy services, with a contract period from September 11, 2017, to March 31, 2018. The procurement was carried out through an open procedure, with the tender period concluding on August 25, 2017. Relevant deliveries are set for locations including the UK and other specified territories.

This tender presents significant opportunities for businesses focused on financial technology and regulatory consulting. Companies that specialise in researching and developing financial frameworks, particularly those with experience in cross-border regulatory cooperation, would be well-placed to compete for similar projects. With the growing importance of regulatory sandboxes in fostering innovation, firms capable of demonstrating expertise in both UK and Chinese markets could particularly benefit from this initiative.

## Notice

The project under this theme aims to introduce and promote the UK's regulatory approach to Chinese authorities, and support national and local initiatives to establish pilot 'UK-China FinTech Sandbox' or similar mechanisms to better regulate domestic FinTechs, and also allow for regulated and safer market entry by foreign firms.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b82cb3cc-e20c-4719-8a01-43ed91c6fd05 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Oct 2017 |
| Submission deadline | 25 Aug 2017 |
| Future notice date | Not specified |
| Award date | 25 Sep 2017 |
| Contract period | 16 Oct 2017 - 20 Oct 2017 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £80,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FOREIGN & COMMONWEALTH OFFICE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ACADEMY OF INTERNET FINANCE, ZHEJIANG UNIVERSITY |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73200000 - Research and development consultancy services

## Release History

- 20 Oct 2017 at 00:47 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b82cb3cc-e20c-4719-8a01-43ed91c6fd05
- 28 Jul 2017 at 02:31 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/b8e1a6d3-bd87-4c3d-9fd7-773223e92a9f

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b82cb3cc-e20c-4719-8a01-43ed91c6fd05
  20th October 2017 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/b8e1a6d3-bd87-4c3d-9fd7-773223e92a9f
  28th July 2017 - Opportunity notice on Contracts Finder
- https://fco.bravosolution.co.uk
  For full details, please log-in via the eProcurement Portal BRAVO. The navigate via Project _1334 / ITT _1853

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-d90b5c05-0b32-43b3-b0e9-f4bdc470ae72. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-d90b5c05-0b32-43b3-b0e9-f4bdc470ae72.json.