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.
Wang Yun
Wang Yun graduated from Zhejiang University with a Master of Engineering degree and works at the Research Department of the National Internet Finance Association of China (NIFA), specializing in research on Internet Finance and financial consumer protection. Prior to joining NIFA, he worked at the Financial Consumer Protection Bureau of the People’s Bank of China.