Fintech Development and Regulation in China

DOI

10.2991/aebmr.k.220307.152How to use a DOI?

Keywords

Fintech; British sandbox regulatory; Financial regulation

Abstract

Due to rapid development of science and technology in China, the development of finance and technology has shown a higher level of integration. However, it also has exposed the lag of the regulatory model, which cannot meet the development requirements of China’s financial technology. In the study of the development of Fintech in China, this paper proposes the path to China’s Fintech supervision by drawing lessons from the British sandbox supervision model: On the one hand, China should change the traditional supervision mode from separate supervision to multi industry integration supervision. On the other hand, we should promote the supervision sandbox to encourage financial innovation and use the sandbox to simulate and predict risks, so as to effectively control the risks of financial technology.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

TY  - CONF
AU  - Beichen Wang
PY  - 2022
DA  - 2022/03/26
TI  - Fintech Development and Regulation in China
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 931
EP  - 934
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.152
DO  - 10.2991/aebmr.k.220307.152
ID  - Wang2022
ER  -