“监管沙盒”模式在我国金融科技创新监管试点中的应用研究

Research on the Application of"Regulatory Sandbox"Model in China FinTech Innovation Regulation Pilot

我国于2019年底启动金融科技创新监管试点,探索构建“监管沙盒”,鼓励创新与防范风险。截至2021年3月底,“监管沙盒”模式在我国金融科技创新监管试点中的应用已取得积极成效,有83个“入盒”的惠民利企金融科技创新项目落地,释放了市场活力,增强了金融服务实体经济能力。但是,随着试点项目“从点到面”的扩展,风险监管的复杂性也在上升,因此要进一步完善法律法规,优化“监管沙盒”机制和流程设计,加强监管科技应用,实现监管科技与金融科技的良性循环,更好地服务双循环新发展格局。

The pilot project of FinTech Innovation Regulation launched by China at the end of 2019 has built a unique Chinese version of the“Regulatory Sandbox”on the basis of learning from the model of the United Kingdom and taking full account of the actual national conditions.The project has achieved a balance between encouraging innovation and guarding against risks.By the end of March in 2021,the application of the“Regulatory Sandbox”in the FinTech innovation regulation in China has achieved effective results,with 83 participating FinTech innovation projects benefiting the public and enterprises had been implemented,releasing market vitality and enhancing the ability of finance to serve the real economy.However,with the expansion of the pilot project“point-to-plane”,the complexity of risk regulation is also on the rise.Therefore,this paper proposes suggestions including further improving laws and regulations,optimizing the mechanism and process design of the“Regulatory Sandbox”,strengthening the application of RegTech to realize a virtuous circle of RegTech and FinTech,so as to better serve the new development pattern of dual circulation during the 14th Five-Year Plan period.