The Fintech development in China and the
United States has an important impact to the world. A
comparative study of the developmentstatus and modes of
Fintechin China and the United States will not only help
to grasp the new trends of global Fintechdevelopment,but
also help China to better develop itsstrengths and make up
for its weaknesses, identify the focus of future innovation
anddevelopment, andpromote the development ofChina's
financialscience, thus playing a better leading role in the
wave of financial technology integration and innovation.
From the common point of view, the cooperation between
Fintech companies and financial institutions in China and
the United States is deepening. Since Fintech development
shows certain risk spillover, the supervision in the field of
Fintech has undergone a change from relatively loose to
gradually strengthen. In terms of differences, there are
obvious differences between China and US regarding
innovation subjects, service objects and capital markets
combined with hot areas. From the standpoint of
comparative advantage, the main advantage of US
Fintech is the underlying technological innovation, while
the advantage of Chinese Fintech lies in large-scale
application and market demand growth potential. For this
reason, China’s Fintech should conform to the
characteristics and changing trends of the financialneeds
of the "Millennium Generation" consumers, enhance
innovationandcompetitivenessthroughopenmarkets and
complementary cooperation, strengthen the integration of
large data resources to enhance the level of integrated
financial services, promote the full integration of financial
services into intelligent life scenarios, and strengthen the
underlying technology. At the same time, we should
strengthen the coordination of supervision, innovate the
supervision mechanism, draw lessons from the
supervision mode such as "no objection letter", and
create a good environment for the development of Fintech.
Keywords : Block Chain; Big Data; Artificial Intelligence; Scenario-Based Finance; Regulate Technology.
