China: Regulatory Challenges & Opportunities in DFS

Insights from China: New Regulatory Challenges and Opportunities in Digital Finance

Amid explosive growth in digital financial service offerings, the Chinese government is developing a regulatory framework to protect consumers.

The explosive growth of digital finance in China has broadened access to basic financial services, but there are risks in this new market. The Chinese government is developing a new regulatory framework designed to protect consumers using digital finance, in what could prove a model for other countries seeking to foster innovation while limiting consumer risks.