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Chinese Computerization in Financial Technologies (FinTech)

Author(s): Krzysztof Karwowski
Subject(s): Business Economy / Management, Financial Markets, ICT Information and Communications Technologies
Published by: Wydawnictwa Uniwersytetu Warszawskiego
Keywords: Supercomputers; quantum informatics; FinTech; digital yuan;
Summary/Abstract: Superpower ambitions are the driving force of technological development seen in China in the last decades. After years of recreating and copying Western solutions, the Chinese industry entered the path of implementing innovations, first with the participation of foreign know how,and with time – based on the domestic potential. This article aims to outline the current priorities of the Chinese government in the field of computer science, supercomputers, and the fledgling yet dynamic quantum computerization, in the context of the development of financial technologies (FinTech), based on the analysis of the literature and the business press. These data processing technologies, thanks to their support in economic development strategies, are currently being successfully implemented to build multifunctional smart finance platforms and the Chinese national cryptocurrency system based on the digital yuan.

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