Dr. Jing Wang - Assistant Professor Of Interactive Media & Business At NYU Shanghai

Summary: In our latest podcast, Anna Li (WG’20) is joined by Dr. Jing Wang, the Assistant Professor of Interactive Media & Business at NYU Shanghai. As China has been in the forefront of financial innovation and received a lot of venture funding in the FinTech space, the Wharton FinTech Club invited Dr. Wang to discuss the FinTech landscape in China as well as the evolving regulatory environment in the region. Dr. Wang focuses on studying how information technologies reshape the financial domain in the global context. At NYU Shanghai, Professor Wang teaches the course "Understanding Financial Technologies" and mentors students in the Program on Creativity and Innovation. Prior to joining NYU, she taught at Tulane University in Louisiana. Her writings are published on peer-reviewed journals and business and financial news.   In this interview, Dr. Wang covers the following:  1. Overview of the rapid financial innovation that has taken place in China over the last couple of years and how the regulatory environment has supported and then contained the rapid development of FinTech companies  2. Overview of the main regulatory bodies in China for FinTech (see details in Dr. Wang's forthcoming article in The China Quarterly) 3. Comparison of the FinTech companies in the US versus China and how the regulatory framework differs in the two countries 4. The difference in regulatory controls between China and Hong Kong 5. How social scoring is implemented in China and how the government collaborates with FinTech/Tech firms to set those standards 6. Chinese government oversight on different sub-sectors within FinTech (i.e. P2P, payments, wealth management, etc.) 7. Regulation of virtual currencies in China 8. Types of companies that will experience headwinds and tailwinds from Chinese government policies