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China's Fintech Explosion

Disruption, Innovation, and Survival
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( 15 ratings, 1 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
China's Fintech Explosion by Sara Hsu and Jianjun Li explores the rapid development and impact of financial technology in China. It delves into innovative payment systems, regulatory challenges, and the broader implications for China's economic growth and global influence. Through a comprehensive analysis, the book highlights how fintech is transforming financial services and consumer behaviour in China.
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Format: Hardback
$6699
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this insightful exploration if you're interested in understanding the rapid growth and innovation in financial technology within China. It offers a comprehensive analysis of the fintech landscape, covering everything from mobile payments to blockchain, providing valuable perspectives for those invested in finance, technology, or global economic trends.

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Sara Hsu and Jianjun Li explore the transformative potential of China’s financial-technology industry, describing the risks and rewards for participants as well as the impact on consumers. Offering expert analysis of market potential, risks, and competition, as well as case studies of firms, China’s Fintech Explosion is a must-read.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Financial technology—or fintech—is gaining in popularity globally as a way of making financial services more efficient and accessible. In rapidly developing China, fintech is taking off, catering to markets that state-owned banks and an undersized financial sector do not serve amid a backdrop of growing consumption and a large, tech-savvy millennial generation. It is becoming increasingly likely that some of China's fintech firms will change the way the world does business.

In China's Fintech Explosion, Sara Hsu and Jianjun Li explore the transformative potential of China's financial-technology industry, describing the risks and rewards for participants as well as the impact on consumers. They cover fintech's many subsectors, such as digital payment systems, peer-to-peer lending and crowdfunding, credit card issuance, internet banks, blockchain finance and virtual currencies, and online insurance.

The book highlights the disruption of traditional banking as well as the risks of fintech and regulatory technology. Hsu and Li describe major companies including Alipay and Tencent, developer of WeChat Pay and a wealth-management business, and other leading fintech firms such as Creditease, Zhong An Insurance, and JD Finance.

Offering expert analysis of market potential, risks, and competition, as well as case studies of firms and consumer behaviour, China's Fintech Explosion is a must-read for anyone interested in one of the world's breakout sectors.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

China's Fintech Explosion is praised for providing an insightful analysis of China's leadership in the global fintech industry. It offers a comprehensive overview of the development of digital payment systems, peer-to-peer lending, and online consumer credit in China. The book is recognised for its accessible approach to understanding the transformative impact of fintech on Chinese consumer behaviour and as a valuable resource for both scholars and students interested in the subject.

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Book Details

INFORMATION

ISBN: 9780231196567

Publisher: Columbia University Press

Format: Hardback

Date Published: 04 August 2020

Country: United States

Imprint: Columbia University Press

Illustration: 39 figures

Audience: General / adult

DIMENSIONS

Width: 152.0mm

Height: 229.0mm

Weight: 250g

Pages: 320

About the Author

Sara Hsu is a visiting scholar at Fudan University’s Fintech Research Center. She was previously associate professor of economics at the State University of New York at New Paltz.

Jianjun Li is professor of finance at the Central University of Finance and Economics in Beijing. His many books include Informal Finance in China: American and Chinese Perspectives (2009), coedited with Sara Hsu.

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