Financial technology – aka fintech – is gaining in popularity globally as a way to improve the efficiency and accessibility of financial services. Fintech is taking off in China, catering to markets that state-owned banks and the undersized financial sector do not serve amid a backdrop of growing consumption and a large, tech-savvy millennial generation.

In China’s Fintech Explosion, Sara Hsu and Jianjun Li explore the transformative potential of China’s fintech industry, describing the risks and rewards for participants as well as the impact on consumers. They cover many subsectors of the industry: digital payment systems, peer-to-peer lending and crowdfunding, credit card issuance, internet banks, blockchain finance and virtual currencies, and online insurance. Offering analysis of market potential, risks, and competition, the authors describe major companies including Alipay and Tencent, and other leading fintech firms.

Watch the interview | Listen to the podcast

 

Sara Hsu is a visiting scholar at Fudan University and a former professor of economics at the State University of New York at New Paltz.  She has over 30 publications on the Chinese economy. Her research focuses on China’s financial system, financial technology, and economic and financial policy.

 

 
Your contribution makes events like these possible, please donate to the National Committee.

Wednesday, December 9, 2020
2:30 PM to 3:00 PM EST

Speaker(s): 
Sara Hsu

Venue: 
Zoom Interview

Related Interview

  • Recorded 12/09/20.

     

Book available for purchase

Connect with Us

Support Us

The National Committee on United States-China Relations, Inc., welcomes financial and in-kind contributions. The Committee is a 501(c)(3) not-for-profit organization and, as such, donations to it are tax-deductible to the extent permitted by law.