Cultivating China’s fintech ecosystem: the visible hand of the state
通过50次半结构化访谈，研究了中国政府如何利用孵化器、加速器和科技园区等开放系统中介，引导金融科技初创企业成为传统金融机构的技术供应商，同时排除颠覆性创新者。
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.