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China's fintech explosion : disruption, innovation, and survival / Sara Hsu and Jianjun Li.

Author
Hsu, Sara
Additional Titles
China's financial technology explosion
Published
New York : Columbia University Press, [2020]
Copyright Date
©2020
Physical Description
1 online resource (x, 308 pages) : illustrations
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Contents
Overview of China's fintech industry -- Digital payment systems -- Peer-to-peer lending and crowdfunding -- Online consumer credit, online supply chain finance, and internet banks -- Online investment and insurance -- Blockchain finance and virtual Currencies -- Disruption of traditional banking -- Risks of fintech and regulatory technology -- Credit reporting and key financial technologies -- Outlook and summing up.
Summary
"Financial technology-or fintech-is gaining in popularity globally as a way of making financial services more efficient and accessible. In rapidly developing China, fintech is taking off, catering to markets that state-owned banks and an undersized financial sector do not serve amid a backdrop of growing consumption and a large, tech-savvy millennial generation. It is becoming increasingly likely that some of China's fintech firms will change the way the world does business. In China's Fintech Explosion, Sara Hsu and Jianjun Li explore the transformative potential of China's financial-technology industry, describing the risks and rewards for participants as well as the impact on consumers. They cover fintech's many subsectors, such as digital payment systems, peer-to-peer lending and crowdfunding, credit card issuance and internet banks, blockchain finance and virtual currencies, and online insurance. The book highlights the disruption of traditional banking as well as the risks of fintech and regulatory technology. Hsu and Li describe major companies including Alipay and Tencent, developer of WeChat Pay and a wealth-management business, and other leading fintech firms such as Creditease, Zhong An Insurance, and JD Finance. Offering expert analysis of market potential, risks, and competition, as well as case studies of firms and consumer behavior, China's Fintech Explosion is a must-read for anyone interested in one of the world's breakout sectors"--
Subject(s)
ISBN
9780231551717 electronic book
0231551711 electronic book
9780231196567 hardcover
Bibliography Note
Includes bibliographical references and index.
View MARC record | catkey: 43203210