Cultivating China’s fintech ecosystem: the visible hand of the state

IF 4.4 1区经济学 Q1 ECONOMICS

Regional Studies Pub Date : 2023-11-06 DOI:10.1080/00343404.2023.2267082

Vladimír Pažitka, Dariusz Wójcik, Wei Wu

引用次数: 0

Abstract

We investigate the role of open system intermediaries (OSIs), including incubators, accelerators and science parks, in the effort of the Chinese state to harness the innovative potential of fintech ventures. We conducted 50 semi-structured interviews and documented how the Chinese state uses OSIs to support strategically important financial services firms in nurturing cohorts of fintech ventures. This consequently gives rise to a tech-for-fin ecosystem, where innovative fintech ventures are moulded into becoming technology providers for financial services incumbents, while those wishing to fundamentally disrupt the established financial order are excluded from the various support mechanisms provided through OSIs.

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培育中国金融科技生态系统:国家的有形之手

我们研究了开放系统中介机构(OSIs)的作用，包括孵化器、加速器和科技园，在中国政府利用金融科技企业创新潜力的努力中。我们进行了50次半结构化访谈，并记录了中国政府如何利用sis来支持具有战略重要性的金融服务公司培育金融科技企业。这就形成了一个以科技换金融的生态系统，在这个生态系统中，创新的金融科技企业被塑造成金融服务现有企业的技术提供商，而那些希望从根本上破坏现有金融秩序的企业则被排除在sis提供的各种支持机制之外。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Regional Studies Multiple-

CiteScore

9.30

自引率

13.00%

发文量

期刊介绍： Regional Studies is a leading international journal covering the development of theories and concepts, empirical analysis and policy debate in the field of regional studies. The journal publishes original research spanning the economic, social, political and environmental dimensions of urban and regional (subnational) change. The distinctive purpose of Regional Studies is to connect insights across intellectual disciplines in a systematic and grounded way to understand how and why regions and cities evolve. It publishes research that distils how economic and political processes and outcomes are contingent upon regional and local circumstances. The journal is a pluralist forum, which showcases diverse perspectives and analytical techniques. Essential criteria for papers to be accepted for Regional Studies are that they make a substantive contribution to scholarly debates, are sub-national in focus, conceptually well-informed, empirically grounded and methodologically sound. Submissions are also expected to engage with wider debates that advance the field of regional studies and are of interest to readers of the journal.