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FinTech in China:from the shadows?

Author

Listed:
  • Arner, Douglas W.

    (University of Hong Kong)

  • Barberis, Jànos

    (University of Hong Kong and FinTech HK)

Abstract

In July 2015, China’s peer-to-peer (P2P) lending platforms counted 2,136, with settlements of about RMB82.5 billion transactions in that single month, making it the country with the most P2P platforms in the world. As the sector went from one platform in 2007 to more than an estimated 2,000 platforms currently, the P2P sector went from too-small-to-care to too-big-to-fail, attracting a new level of regulatory scrutiny. Ultimately, this systemic shift offers China a regulatory and market reform opportunity with profound consequences for the country and the developing world. Indeed, the Internet Finance Guidelines released in July 2015 indicate that the country is creating both a financial market infrastructure and a regulatory framework that is built with financial technology (FinTech) in mind.

Suggested Citation

  • Arner, Douglas W. & Barberis, Jànos, 2015. "FinTech in China:from the shadows?," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(3), pages 78-91.
    • Handle: RePEc:ris:jofipe:0088
    as

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    More about this item

    Keywords

    FinTech; China; P2P lending; regulations; financial markets;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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