Author(s)

Haoyu Qian

Corresponding Author

Haoyu Qian

ABSTRACT

In recent years, Fintech drives the innovation of finance. With the development of Internet finance, new financial innovative products such as mobile payment, unmanned bank and intelligent investment adviser are integrated with big data, cloud computing, blockchain and artificial intelligence, which deeply affect people's lives. However, Laws are lagging behind. When financial innovation is in conflict with existing regulations, strict supervision system will hinder the development of financial innovation. If financial innovation products grow barbarously, great financial risks may break out and cause social unrest. How to control financial regulation is a hot topic in the field of financial law. Combined with the international practice and China's special national conditions, we can consider introducing the “regulatory sandbox” to ease the contradiction between financial innovation and financial supervision.

KEYWORDS

Fintech, Financial innovation, Financial regulation, Regulatory sandbox