Dr Hui Feng
Presented by: Dr Hui Feng, Senior Research Fellow and ARC Future Fellow, Griffith Asia Institute
There has been rapid development of Internet-based financial services in China after 2010, which has encroached on the businesses of the established financial system in profound manners. While such digital disruption has been a worldwide phenomenon in the age of Internet of Things, this paper argues that its development in China comes with a twist. It will demonstrate how internet finance has been fostered by liberal elements of the Chinese state in pursuing their reform agenda, and how the resultant light touch regulation has led to increasing risks in this sector. Theoretically, this study sheds light on the dynamics between formal and informal institutions in forging institutional change in China's context.
Dr Hui Feng is Senior Research Fellow and ARC future fellow at the Griffith Asia Institute. Dr Feng's research interests include international political economy, post-communist transitions, and Chinese politics and political economy. His papers appear on renowned international journals, such as Review of International Political Economy and Political Studies, as well as area studies journals such as Modern China. His most recent book is The Rise of The People's Bank of China: The Politics of Institutional Change (Harvard University Press 2013, with Stephen Bell).
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