In recent years, FinTech, driven by a combination of factors such as technological advances, financial deepening, and changing customer bases, has been growing rapidly in China, creating significant impact on traditional financial products, businesses, services, and organizational structure. This paper provides a systemic summary of China’s FinTech development on multiple dimensions including main business forms and technologies, focusing on the regulation and self-regulation of China’s FinTech industry, offering an in-depth analysis of the challenges the industry faces, and proposing corresponding recommendations to promote development.
Huang Chengxuan
Huang Chengxuan, CATTI-certified interpreter, graduated from Shanghai International Studies University with a master’s degree in Chinese-English interpretation. With extensive experience interpreting for influential organizations and government bodies such as the UN and the Ministry of Commerce of China, he now specializes in FinTech-related translation and research at NIFA.