Understanding how policy instruments dynamically affect the fintech industry: A case study of China

Abstract

Policy instruments have significant impacts on the fintech (financial technology) industry, and many studies have been concentrating on the policy instruments’ roles in the fintech industry and fintech regulation studies. Existent literature has identified four crucial structural elements of the fintech industry: actors, interactions, institutions, and infrastructure, and the significant impacts of the policy instruments on each element. Most analysis in the field is, however, with regard to policy instruments’ roles in the structural elements; it tends to be static and limited to focus on only one or two elements. This thesis aims to understand how all four structural elements of the fintech industry are affected by policy instruments dynamically. Through a case study of the fintech industry in China, this research reveals the six policy instruments’ roles in the fintech industry through the four structural elements. The research findings further existent knowledge with regard to both the fintech industry and regulation studies, and this research also provide an analytical framework for further fintech industry research. The practical implications of the roles of the policy instruments for policy-makers and other practitioners in the fintech industry are given. Finally, research limitations and future research directions are illustrated.

Date of Award	31 Dec 2022
Original language	English
Awarding Institution	The University of Manchester
Supervisor	Yin-Fang Zhang (Supervisor) & Ping Gao (Supervisor)