Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222790 
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 1023
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
The rapid rise of financial technology (fintech) in the People's Republic of China (PRC) inevitably generates financial risks. To prevent and resolve these risks, the government has regulated many fintech application areas, including peer-to-peer lending, third-party payment, cryptocurrency, etc. Additional measures such as financial standardization, infrastructure, and investor protection have also been strengthened to promote sustainable fintech development. The PRC is striking a balance between encouraging fintech innovation and reinforcing regulation. This study reviews both the PRC's regulations and supportive approaches.
Subjects: 
financial technology
fintech
JEL: 
G2
G15
O16
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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