An Analysis of Studying Model for Digital Finance in China

Digital finance belongs to the pioneering field of finance theory in the 21st century. It demonstrates unique characteristics and drives the traditional financial theory into financial digitalization. Some researchers in China have recently been engaging with this new field to discover a new era in finance, namely digital finance. The main purpose of this paper is to evaluate the model and characteristics of digital finance explored in China as of date based on econometric theory and methodologies. The principal results are problems derived from literature in digital finance. It would be of importance, significance and implication for the learning world and society to conclude that the technical characteristics of digital finance can be summarized as a centralized digital financial system developed based on blockchain technology; its core foundation must be fiat currency digitization like E-CNY. Furthermore, decentralized Bitcoin is impossible to be the cornerstone of digital finance, nothing more than just a driving force to the development of digital finance.

http://https://www.suntextreviews.org/doi/pdf/10.51737/2766-4775.2022.071