FINANCIAL TECHNOLOGY MARKET IN CHINA: CURRENT SITUATION AND PROSPECTS

S. A. Barykin ()

International Trade and Trade Policy, 2020, issue 2

Abstract: The purpose of this article is to assess the extent, trends and consequences of the development of the financial technology market in China. To do this, an analysis of the current state of the Fintech market in China was carried out, the development factors of this market in the country and the consequences of the rapid development of the market for the entire economy of China were identified. It was concluded that the Chinese Fintech market is the leading market in the world in terms of transaction volumes and revenue. Areas were identified in which the development of the Fintech market had the greatest impact on the Chinese economy: the growth of the penetration of cloud technologies in the financial sector of China, the involvement of new segments of the population in the financial sector, and the increase in the efficiency of financial services.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2020:id:370

DOI: 10.21686/2410-7395-2020-2-57-70

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