{"title":"Cultivating China’s fintech ecosystem: the visible hand of the state","authors":"Vladimír Pažitka, Dariusz Wójcik, Wei Wu","doi":"10.1080/00343404.2023.2267082","DOIUrl":null,"url":null,"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.","PeriodicalId":21097,"journal":{"name":"Regional Studies","volume":"3 6","pages":"0"},"PeriodicalIF":4.4000,"publicationDate":"2023-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Regional Studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/00343404.2023.2267082","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
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.
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.
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