Research on Fintech, Regtech and Financial Regulation in China —Taking the “Regulatory Sandbox” of Beijing Fintech Pilot as the Starting Point

Abstract

This article takes the Chinese version of the “regulation sandbox” officially launched in Beijing on December 5, 2019 as the starting point for research. First, it analyzes the development trend of Fintech and the basic situation of domestic Fintech development. Then, by combing the current development trend of China’s Fintech to the challenges brought by financial regulation and the stable operation of the financial industry, it is pointed out that under the situation of network and distributed application of Fintech, improving the capability of Regtech can promote the change of financial regulation model; Finally, in combination with the main regulatory scientific and technological means that have been implemented with the development of financial tech- nology in the world, this paper puts forward relevant policy suggestions on improving the financial Regtech framework in China.