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Compliance Adaptation Strategies for the Localization of Chinese Digital Finance Enterprises in Overseas Markets

Author(s)

Jiabang Zhang1,2,*

Affiliation(s)

1Department of Economics and Finance, Xi'an Jiaotong-Liverpool University, JiangSu, China 2School of Business, Xi'an Jiaotong-Liverpool University, Suzhou, China *Corresponding Author

Abstract

With the rapid development of China's digital finance enterprises, overseas market expansion has become an important strategic direction for them. However, there are differences in laws and regulations, regulatory policies, cultural customs, etc. among different countries and regions, which brings compliance challenges to the localization of overseas markets for Chinese digital finance enterprises. This article conducts an in-depth analysis of the compliance risks faced by Chinese digital financial enterprises in localizing overseas markets, including regulatory policy differences, data security and privacy protection, anti-money laundering and anti-terrorist financing, etc., and proposes corresponding adaptation strategies, such as strengthening the construction of compliance management systems, conducting localized compliance training, and cooperating with local institutions, etc. It aims to provide theoretical support and practical guidance for the compliant operation of Chinese digital finance enterprises in overseas markets.

Keywords

Chinese Digital Finance Enterprises; Localization of Overseas Markets; Compliance; Adaptation Strategy

References

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