The Financial Technologies Boom in China: Prospects and Barriers

The article covers a wide theme of fintech development in China and its effects on the Chinese economy. The article pinpoints the main benefits for the economy that fintech provides. In addition to that, the authors cover a range of specific problems of the Chinese financial sector, revealing the new fintech circle of the economic development. It demonstrates the synergetic effects of the fintech in the economy. The main findings of the article are that the effects of the fintech development are similar in all the countries, still the risks are specific to the concrete economy and the fintech circle of the economic development.

Authors
Amiantova I.S. 1 , Protopopova O.V. 1 , Rusakova E.P. 1 , Kairgaliev D.V.2 , Iamalova E.N.3
Conference proceedings
Proceedings of the External Challenges and Risks for Russia in the Context of the World Community's Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)
Publisher
Atlantis Press
Language
English
Pages
107-110
Status
Published
Year
2019
Organizations
  • 1 Peoples Friendship University of Russia
  • 2 Volgograd Academy of the Ministry of the Interior of Russia
  • 3 Bashkiria State University
Keywords
innovations; china; economy; economic circle
Date of creation
02.11.2020
Date of change
02.11.2020
Short link
https://repository.rudn.ru/en/records/article/record/70221/
Share

Other records