Digital Financial Revolution in China

David Dollar is a senior fellow in the China Center at the Brookings Institution and host of the Dollar & Sense podcast on international trade. His most recent book is China 2049. From 2009 to 2013 he represented the U.S. Treasury in Beijing. Prior to that, Dollar worked 20 years at the World Bank.Yiping Huang is the Director of the Institute of Digital Finance and deputy dean of the National School of Development, at the Peking University. He was formerly member of the Monetary Policy Committee of the People's Bank of China and chief Asia economist for Citigroup.

To be sure, this book is a very timely contribution to our understanding of the fintech sector in China. It maps out the development trajectories of a broad range of fintech categories, from payment and loans to investment and wealth management. In the meantime, it provides a rich set of data sources and metrics for evaluating the fintech economy. If the innovators and regulators in China have enabled the world’s largest and fastest-changing fintech market, this book includes some of the most significant models and lessons drawn from this arena. It is thus a valuable reference for financial innovation in the global context.