The rapid rise of financial technology (fintech) in the People's Republic of China (PRC) inevitably generates financial risks. To prevent and resolve these risks, the government has regulated many fintech application areas, including peer-to-peer lending, third-party payment, cryptocurrency,...

This study addresses the supply of financial services, especially money transfers, in the People's Republic of China. With an estimated 95 million domestic labor migrants, the potential market for remittances is estimated between USD 23 billion and 40 billion in 2005 and growing. Labor migration...