Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238526 
Authors: 
Year of Publication: 
2020
Series/Report no.: 
ADBI Working Paper Series No. 1169
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
FinTech has been transforming the financial landscape in the People's Republic of China. Its leading FinTech businesses such as mobile payment services and big data-based online lending are at the frontier of global development. At the same time, it also creates new problems, illustrated by the rise and fall of the peer-to-peer lending industry. The soon-to-be implemented central bank digital currency/electronic payment (DC/EP) may also bring about fundamental changes to the financial system. Overall, the FinTech development not only makes financial inclusion an achievable goal but also has important implications for financial and macroeconomic stability.
Subjects: 
FinTech
financial inclusion
financial risks
macroeconomic stability
JEL: 
G23
O31
E60
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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