The development of financial technology (FinTech) and decentralized finance (DeFi) has penetrated all areas of the financial system. Earlier research in this field has suggested that new technologies such as cryptocurrency and blockchain have disrupted the functions of traditional financial institutions. Central to these issues is the idea of decentralization, and various financial products, such as Internet payments and online lending, are among the most popular areas in FinTech.
China has been one of the few countries to have experienced tremendous growth in FinTech, and the central bank of China has commenced the exploratory project of issuing central bank digital currencies (CBDCs), but most academic research in top journals is focused on the US. However, insights from studies based on US data might not be applicable to China because of differences in institutional features, hence the need for research focused on China’s financial market.
This special issue aims to understand how the recent growth in FinTech and DeFi has impacted traditional financial institutions and industries from the unique perspective of China’s financial market system and its reform and development. We cordially invite submissions on these topics and aim to facilitate discussion among researchers from different disciplines.
- The rise of FinTech and its implications for traditional financial institutions
- Issues related to the introduction of central bank digital currencies (CBDCs)
- Blockchain, cryptocurrency, and DeFi
- Machine learning in FinTech and DeFi
- Chinese financial markets
- The implications of shadow banking
- Local government financing and chengtou bonds
- Anti-corruption and credit misallocation
- Capital account opening and exchange rate liberalization
- Submission deadline: 30 September 2023
- Publication date: 31 July 2024