BIS Review 57/2003  3  An important question in this context is whether the role of banks in financial integration in developed countries is different from that in the emerging market economies. It is useful to assess the significant differences in the structure of the banking industry in emerging vis-à-vis developed markets.
On the aspect of regulation, technology application will be strengthened in a bid to improve regulatory efficiency. Undoubtedly, Fintech development has also raised some new problems, which calls for efforts to pay high attention to risks and challenges such as cyber security, data privacy and oligopoly, so as to ensure market fairness and financial stability. Beijing has a unique position as the capital city.