Part 1: Fintech, payments, and CBDC in China
Bhavin Patel, head of fintech at OMFIF, speaks with Douglas Arner, Kerry Holdings Professor in Law and director of the Asian Institute of International Law at the University of Hong Kong, and Charles Chang, deputy dean of academics, professor of finance and director of the fintech research centre at Fanhai International School of Finance, Fudan University. In this two-part series they discuss the Chinese fintech space, focussing on payments, regulations and the Chinese central bank digital currency project. In this first part they discuss China’s fintech growth, how it became a global leader, the country’s approach to fintech regulation and newer entrants, and the likely effectiveness of the DC/EP in a private sector dominated market.