How does the financial technology innovation regulatory pilot influence financial regulation?

Yuling Chen, Zhen Che and Dongqi Wan

Finance Research Letters, 2024, vol. 69, issue PB

Abstract: Integration of technology and finance presents significant challenges for financial regulators, necessitating formulation of policies for mitigating financial security risks and related concerns. This study examines the impact of the Pilot Project of Regulation on Fintech Innovation (PPRFI) on financial regulation in China from 2013 to 2022. Findings demonstrate that PPRFI significantly strengthens financial regulation, with financial technology mediating the relationship between PPRFI and regulatory effectiveness. Heterogeneity analysis reveals that the policy's positive effects are more pronounced in provinces with lower levels of human capital and in the western regions of China.

Keywords: Pilot project of regulation on fintech innovation; Financial technology; Financial Regulation; China (search for similar items in EconPapers)
JEL-codes: E44 G21 G28 L51 O16 O38 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012844

DOI: 10.1016/j.frl.2024.106255

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