Development of SupTech in China (pre-order)

May 2021 | 12 pages | ID: DC544C462E23EN
Market Intelligence & Consulting Institute (MIC)

Abstracts

Applications combining financial services and innovative technology have penetrated into almost all areas of everyday life, with financial scene as the best example. In China, leading tech companies such as Alibaba's affiliate company Ant Group, Baidu, and Tencent have expanded into the financial service market, providing a variety of services including banking, credit loan, payment, crowdfunding, asset management, and insurance. While these companies have set themselves apart from traditional financial services which rely on traditional financing institutes, the growing complexity of risk contagion and the massive amount of cash flow and information flow stemming from these emerging services have brought significant challenges to supervisory agencies. In the financial supervisory environment featuring strong cross-sector cooperation and huge market demand, China has aggressively promoted SupTech in order to keep the financial market stable and organized. This report analyzes how Chinese companies have developed SupTech and built big data platforms to strengthen macroprudential supervision.

Contents

1. DEVELOPMENT BACKGROUND

2. HISTORY OF SUPTECH

3. THREE DIRECTIONS IN CHINA'S SUPTECH DEVELOPMENT

3.1 Macroprudential Supervision
3.2 Big Data Platform
3.3 China Banking and Insurance Information Technology Management's Information Sharing Platform

4. MIC PERSPECTIVE

Appendix
List of Companies

List Of Tables

LIST OF TABLES

Table 1. China's SupTech Milestones

List Of Figures

LIST OF FIGURES

Figure 1. Structure and Application s of China's Big Data Platform for SupTech
Figure 2. China Banking and Insurance Information Technology Management's Information Sharing Platform