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毕业论文外文翻译

设计(论文)题目： 中国Fintech、Regtech和金融监管

以北京Fintech试点的“监管沙箱为起点”

Research on Fintech Regtech and Financial Regulation in China

—Taking the “Regulatory Sandbox” of Beijing Fintech Pilot as the Starting Point

Abstract

This article takes the Chinese version of the “regulation sandbox” officially launched in Beijing on December 5, 2019 as the starting point for research. First, it analyzes the development trend of Fintech and the basic situation of domestic Fintech development. Then, by combing the current development trend of Chinarsquo;s Fintech to the challenges brought by financial regulation and the stable operation of the financial industry, it is pointed out that under the situation of network and distributed application of Fintech, improving the capability of Regtech can promote the change of financial regulation model; Finally, in combination with the main regulatory scientific and technological means that have been implemented with the development of financial tech- nology in the world, this paper puts forward relevant policy suggestions on improving the financial Regtech framework in China.

Keywords

Fintech, Regtech, Financial Regulation, Regulatory Sandbox

Introduction

In recent years, technology has brought new development opportunities to the financial market. Financial technology has continued to deeply influence finan- cial service methods and risk management models. While changing the industri- al form of the financial industry, it has also brought increasingly hidden risks. It is difficult to obtain effective supervision. In a highly digitized, networked and distributed Fintech application environment, in order to cope with market oper-

ations and development changes, the supervisory authorities realized that they must improve the technological level of supervisory means and enhance their ability to supervise science and technology. Supervisory technology came into being at the historic moment. Regtech can improve regulatory efficiency, reduce compliance costs for financial institutions, and face good development oppor- tunities.

To this end, Chinarsquo;s regulatory authorities actively use Regtech to respond, and the market has also paid great attention to the role that Regtech can play. On December 5, the Peoplersquo;s Bank of China announced that in order to imple- ment the spirit of the Fourth Plenary Session of the 19th Central Committee of the Party and implement the “Fintech Development Plan (2019-2021)”, the Peoplersquo;s Bank of China actively constructs the basic rules and regulations system for financial technology supervision. Explore the use of flexible management methods such as information disclosure, product disclosure, social supervision, and strive to create an inclusive and prudent Fintech innovation supervision tool, and strive to improve the professionalism, uniformity and penetration of financial regulation. In accordance with the “State Councilrsquo;s Reply on the Com- prehensive Pilot Work Plan to Promote the Opening-up of Beijingrsquo;s Service In- dustry”, the Peoplersquo;s Bank of China supports the first pilot of Fintech innovation supervision in Beijing and explores the establishment of a Fintech innovation supervision tool that is in line with Chinarsquo;s national conditions and in line with international standards, to guide licensed financial institutions to use modern information technology to empower finance to improve quality and efficiency on the premise of complying with laws and regulations and protecting consumer rights and interests, and to create a defensive, safe, inclusive, and open financial technology innovation and development environment. On the afternoon of the same day, the Beijing Municipal Financial Regulation and Administration Bu- reau disclosed that Beijing was the first country in China to launch a Fintech innovation supervision pilot and explore the construction of a prudent and in- clusive Chinese version of the “regulation sandbox”. As early as July of this year, Li Wei, the director of the Science and Technology Department of the Peoplersquo;s Bank of China, said that the central bank, in conjunction with relevant minis- tries and commissions, will carry out Fintech application pilots in 10 provinces and municipalities, including Beijing, Shanghai, and Guangzhou, so as to estab- lish and improve policies suitable for Fintech development; the pilot is the Chi- nese version of “sandbox” regulation.

After reading the review of major events in Chinarsquo;s financial regulation in 2018 and the China Financial Stability Report 2019, you can draw the following conclusions: 2018 is a year of the beginning of the implementation of the spirit of the 19th National Congress of the whole country, and it is also a challenging year. 2018 Significant progress has been made in the reform of the financial reg- ulation system. The establishment of the CBRC has transformed the financial regulation structure from “one party, three committees” to “one committee, one committee, two committees”; preventing and resolving major risks is the first battle to defeat the three major challenges of building a well-off society. Among them, preventing and resolving major financial risks is of paramount impor- tance. In the year of completion of a well-off society in 2020, we should further improve the regulatory system and introduce trial measures for the supervision and management of financial holding companies as soon as possible. It can be seen that China is always improving the financial regulation system and doing its best to prevent potentia

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