Fintech,regtech,and financial development:evidence from China
作者机构：School of EconomicsShanghai UniversityShanghai 200240China School of Economics and ManagementHebei University of TechnologyTianjin 300401China School of Finance and EconomicsDivision of Low-carbon Economy and Environment RegulationInstitute of Industrial EconomicsJiangsu UniversityZhenjiang 212013JiangsuChina School of Economics and ManagementTongji UniversityShanghaiChina Tokai University4-1-1 KitakanameHiratsuka-shiKanagawa 259-1292Japan
出 版 物：《Financial Innovation》 (金融创新（英文）)
年 卷 期：2022年第8卷第1期
页 面：268-287页
核心收录：
学科分类：0202[经济学-应用经济学] 02[经济学] 1202[管理学-工商管理] 020205[经济学-产业经济学] 0701[理学-数学]
基 金：the National Natural Science Foundation of China(71774071) the National Statistical Science Research Project(2021LY055) Jiangsu Soft Science Research Project(BR2021030) Zhenjiang Soft Science Research Project(RK2021010) the Key Academic Research Project of Jiaxing University(ICCPR2021007)is highly appreciated by researchers of this study
主 题：Fintech Regtech Financial development China
摘 要：This study investigates the influence of fintech on developments in China’s financial sector across 290 cities and 31 provinces between 2011 and *** a two-stage least squares instrumental variable regression approach and correcting for cross-sectional dependency,simultaneity,and endogeneity of regressors,the results establish a positive link between fintech and financial *** findings show that fintech supports financial sector development by enhancing access(loans),depth(deposits),and savings within China’s financial *** also show that the emergence of fintech in the area of financial regulation(regulatory technology:regtech)can significantly improve financial development ***,it is imperative for regulators to pursue policies that balance growth in the fintech sector while mitigating the associated *** addition,we use the difference-in-differences approach to show that policy measures such as interest rates liberalization also positively impacted finan-cial development during the analysis *** our conclusion,we suggest a policy framework for balanced fintech sector growth in developing countries.
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