Regulation of Digital Financial Services in China: Last Mover Advantage?
Author : Zhou (Weihuan.)
Publisher :
Page : 38 pages
File Size : 18,5 MB
Release : 2015
Category :
ISBN :
Author : Zhou (Weihuan.)
Publisher :
Page : 38 pages
File Size : 18,5 MB
Release : 2015
Category :
ISBN :
Author : David Dollar
Publisher : Brookings Institution Press
Page : 210 pages
File Size : 31,34 MB
Release : 2022-05-10
Category : Business & Economics
ISBN : 0815739567
Describes how China is in the lead in transforming finance for the digital age This book is the product of a joint research project between economists at the National School of Development, especially the affiliated Institute of Digital Finance, at Peking University and at the Brookings Institution. It investigates the impact of financial technology on job creation, income distribution, and consumer welfare in China. It also examines larger systemic issues such as monetary policy, stability of the banking sector, and international trade and payments.
Author : Bin Hu
Publisher : Springer
Page : 264 pages
File Size : 45,26 MB
Release : 2016-06-10
Category : Business & Economics
ISBN : 1137522259
China’s financial regulatory system is crucial to the global economy, but is little understood. This book surveys and explicates the current status, the development, and planned reform of the Chinese financial supervision and regulatory system in a systematic way. From the shadow banking system to commercial banking, securities and the foreign exchange regime, the authors shed light on the different moving parts of the system; meanwhile, they show how reforms have changed the system in recent years, whether in free-trade zones, the Shanghai-Hong Kong stock market connection, or in the registration mechanisms required for new IPOs. The editors and authors are from the Chinese Academy of Social Sciences, the China Banking Regulatory Committee, the China Securities Regulatory Committee and other leading academic and policy organizations.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 73 pages
File Size : 44,8 MB
Release : 2019-06-27
Category : Business & Economics
ISBN : 1498321860
The paper finds that while there are important regional and national differences, countries are broadly embracing the opportunities of fintech to boost economic growth and inclusion, while balancing risks to stability and integrity.
Author : Robin Hui Huang
Publisher : Cambridge University Press
Page : 315 pages
File Size : 13,42 MB
Release : 2021-07
Category : Business & Economics
ISBN : 1108488110
Provides a systematic and contextualized account of China's Fintech regulation.
Author : Douglas W. Arner
Publisher : CFA Institute Research Foundation
Page : 30 pages
File Size : 24,68 MB
Release : 2017-07-31
Category : Business & Economics
ISBN : 1944960260
The 2008 global financial crisis represented a pivotal moment that separated prior phases of the development of financial technology (FinTech) and regulatory technology (RegTech) from the current paradigm. Today, FinTech has entered a phase of rapid development marked by the proliferation of startups and other new entrants, such as IT and ecommerce firms that have fragmented the financial services market. This new era presents fresh challenges for regulators and highlights why the evolution of FinTech necessitates a parallel development of RegTech. In particular, regulators must develop a robust new framework that promotes innovation and market confidence, aided by the use of regulatory "sandboxes." Certain RegTech developments today are highlighting the path toward another paradigm shift, which will be marked by a reconceptualization of the nature of financial regulation.
Author : Ross P. Buckley
Publisher : Cambridge University Press
Page : 485 pages
File Size : 29,55 MB
Release : 2016-03-11
Category : Business & Economics
ISBN : 1107100933
Taking stock of the 2008 global financial crisis, this book provides 'outside the box' solutions for reforming international financial regulation.
Author : Mark Fenwick
Publisher : Springer Nature
Page : 235 pages
File Size : 47,52 MB
Release : 2020-07-28
Category : Law
ISBN : 9811558191
This book focuses on Fintech regulation in Asian, situating local developments in broader economic, regulatory and technological contexts. Over the last decade, Fintech – broadly defined as the use of new information technologies to help financial institutions and intermediaries compete in the marketplace – has disrupted the financial services sector. Like other 21st century technological developments, Fintech is a global phenomenon that plays out in local economic, political and regulatory contexts, and this dynamic interplay between global trends and local circumstances has created a complex and fast-changing landscape. Diverse stakeholders (most obviously incumbent financial service providers, tech start-ups and regulators) all pursue a competitive edge against a background of profound uncertainty about the future direction and possible effects of multiple emerging technologies. Compounding these difficulties are uncertainties surrounding regulatory responses. Policymakers often struggle to identify appropriate regulatory responses and increasingly turn to policy experimentation. Such issues add to the challenges for the various actors operating in the Fintech space. This situation is particularly fluid in Asia, since many jurisdictions are seeking to establish themselves as a regional hub for new financial services.
Author : Weihuan Zhou
Publisher : Bloomsbury Publishing
Page : 280 pages
File Size : 40,77 MB
Release : 2019-10-03
Category : Law
ISBN : 1509913564
Amid the ongoing crisis surrounding the WTO, China's role and behaviour in the multilateral trading system has attracted overwhelming attention. This timely monograph provides the first comprehensive and systemic analysis of China's compliance with the rulings of the WTO's dispute settlement mechanism (DSM). It covers all the disputes in which China has been a respondent during its 17-year WTO membership and offers a detailed discussion of China's implementation of adverse WTO rulings, its approaches to settling WTO disputes, the possible explanations for such approaches, and post-compliance issues. The book shows how China has utilised the limitations and flexibilities of WTO rulings to ensure that its implementation of the rulings not only delivers adequate compliance but also maintains its own interests. Overall, this book argues that the issues relating to the quality of China's compliance and post-compliance practices concern the loopholes within the DSM itself which may be utilised by all WTO Members. However, despite the loopholes, China's record of compliance suggests that the DSM has been largely effective in inducing compliance and influencing domestic policy-making. It is therefore in the interest of all WTO Members and other stakeholders to protect the DSM as the 'crown jewel' of the multilateral trading system.
Author : Ms.Ratna Sahay
Publisher : International Monetary Fund
Page : 83 pages
File Size : 49,4 MB
Release : 2020-07-01
Category : Business & Economics
ISBN : 1513512242
Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways. These changes have been in motion for several years, affecting nearly all countries in the world. During the COVID-19 pandemic, technology has created new opportunities for digital financial services to accelerate and enhance financial inclusion, amid social distancing and containment measures. At the same time, the risks emerging prior to COVID-19, as digital financial services developed, are becoming even more relevant.