Chinese Law and FinTech

Abstract

Abstract This chapter elaborates on the financial technology (FinTech) regulation in China. Traditional financial institutions have been strengthening their role in China’s FinTech market, taking more initiatives to integrate into the new development pattern in the industry competition. The chapter discusses the rise of digital currencies that completes the transfer of monetary value and bookkeeping through blockchain or other distributed ledger technologies (DLT). The chapter considers that the regulatory intensity required within the FinTech industry has reached a new high, especially with the governance of core dimensions like anti-monopoly. Essentially, FinTech is a product of financial regulation and technological innovation while also being the key force in modern finance-driven control.