Financial institutions are less diversified in classification, unreasonable in distribution, and indistinct in characteristics. Moreover, the phenomena of “excessive competition” and “service blank” coexist. With the new developments of Fintech, it is by no means feasible to simply copy the development path of other countries in terms of industrial pattern, profitability model, and corporate structure.
However, when authorities and economic entities make decisions, it is my view that they should pay due attention to various factors, such as these structural changes that may not necessarily be evident from economic models, and continue to examine what needs to be done at the time. 10