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"But today is maybe emblematic of what's coming down the line," Beck said. "We may be able to expect to see more actually happening."

"China is a country which is home to mega-sized cities, and the government will adopt various means to restrict these big cities from expanding too much," he said, adding that such restrictions will make a city function at a lower efficiency, especially in resource distribution.

"China is not only the second-largest economy in the world, but in terms of the role China plays in the world affairs, the relationship between South Africa and China is critically important for us," he said.

"By getting listed, fintechs will consolidate previous achievements in development and will take the IPO as an opportunity to rectify nonstandard businesses so that they will meet compliance requirements. Besides, the status of listed companies will be helpful for them to obtain the relevant qualification accreditation or file for record under tightened regulations," the report said.

"But we worked through that. The salary and benefits here are comparable to US companies, our relations with the unions are good, and real promotion opportunities are there," he added.