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Adjustment of central bank policies and the establishment of fintech programs in higher education institutions

Author

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  • Wang, Haijun
  • Zhong, Yujia
  • Wu, Wanting
  • Su, Danhua

Abstract

Global fintech policy evolution drives cross-industry talent demand, prompting universities to urgently enhance fintech program offerings. Utilizing enrollment data from Chinese universities spanning from 2017 to 2023, this paper constructs a comprehensive database of fintech majors within these institutions. This study reveals that the central bank fintech policies have significantly stimulated the expansion of fintech programs in Chinese universities, thereby aligning curricula with industry needs. The quantity of fintech enterprise, governmental influence, and societal engagement critically shape this process, with active firms notably promoting specialized academic development. Policy adjustments have a heterogeneous impact on program establishment, with universities in the eastern region demonstrating a particularly heightened responsiveness. These findings provide valuable insights for policymakers in harmonizing education-industry frameworks.

Suggested Citation

  • Wang, Haijun & Zhong, Yujia & Wu, Wanting & Su, Danhua, 2025. "Adjustment of central bank policies and the establishment of fintech programs in higher education institutions," Finance Research Letters, Elsevier, vol. 81(C).
  • Handle: RePEc:eee:finlet:v:81:y:2025:i:c:s1544612325006890
    DOI: 10.1016/j.frl.2025.107429
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