Assessing the risk impact of COVID-19 on China’s FinTech industry: A multi-dimensional analysis

Li Zeng () and Wee-Yeap Lau
Additional contact information
Li Zeng: School of Finance and Economics, Henan Polytechnic University, Jiaozuo, P. R. China
Wee-Yeap Lau: Faculty of Business and Economics, University of Malaya, Lembah Pantai, 50603 Kuala Lumpur, Malaysia

International Journal of Financial Engineering (IJFE), 2025, vol. 12, issue 02, 1-42

Abstract: This study examines the impact of COVID-19 on the risk of the FinTech sector from a risk perspective. This study employs a multi-dimensional analysis approach and a rich data set that includes data from typical listed FinTech companies from 2016 to 2023. The research not only examines the overall risk level of the FinTech industry during the pandemic but also compares the risk changes in the FinTech industry with those in the traditional banking sector at different stages of the pandemic, revealing the unique risk characteristics of the financial technology industry when faced with the shocks of the pandemic. The results of the study indicate that COVID-19 has had a significant negative impact on risks in the FinTech sector, particularly in terms of risk of bankruptcy and risk of extreme losses. The findings of this study provide valuable information for regulators and investors in developing future crisis prevention and risk management strategies.

Keywords: COVID-19; FinTech; financial risk; value at risk; expected shortfall; KMV (search for similar items in EconPapers)
JEL-codes: G1 G32 G38 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S2424786325500094
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijfexx:v:12:y:2025:i:02:n:s2424786325500094

Ordering information: This journal article can be ordered from

DOI: 10.1142/S2424786325500094

Access Statistics for this article

International Journal of Financial Engineering (IJFE) is currently edited by George Yuan

More articles in International Journal of Financial Engineering (IJFE) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().