Report on Asia’s Fintech
Feb 27-2019
PKU Digital Finance Research Center successfully held a seminar themed The Development and Oversight of Asia’s Fintech on February 20th, 2019. NSD Prof. Huang Yiping, who is also the director of the Center, shared a report on the Fintech of four Asian countries, namely Singapore, Thailand, India and Bangladesh. The report was a result of visits by the Center’s researchers to major financial institutions and Fintech firms in the four countries in August 2018. It found that new Fintech firms in these countries came into being to make up for the shortfall of services by formal financial sector; that their business models remained primitive but changes were happening rapidly; and that foreign institutions were actively investing in these markets. The report offered some policy advices concerning China’s Fintech oversight. First and foremost it recommended that the Financial Stability and Development Commission of the State Council should coordinate all relevant authorities to draft plans for Fintech development.
