互联网金融是金融科技发展的初步阶段，是金融科技1.0阶段。金融科技的发展使得移动互联、大数据、云计算、人工智能以及区块链等全面深入地应用于金融体系之中，逐步进入金融科技2.0阶段。金融科技相对于互联网金融增强了资源要素整合的能力和生态体系构建的功能，逐步呈现出跨界化、去中介化、去中心化以及自伺服等特征，对金融体系产生了重大的影响。目前金融科技的监管基本停留在互联网金融监管阶段，是一种相对被动的监管体系。如何适应金融科技的发展，特别是科技企业金融化和金融服务科技化的趋势，是监管当局的一个重要目标。国际经验表明，监管沙盒和监管科技是匹配金融科技发展、进行有效监管的重要实践。我国金融监管当局应充分认识互联网金融以及金融科技的发展趋势及特征，通过构建金融科技监管长效机制、适当进行监管组织架构调整、建立健全金融科技监管沙盒以及强化监管科技的发展及应用，以构建长期有效的金融科技监管架构，防范潜在的金融风险，坚决守住不发生系统性风险的底线，保障金融稳定。
Internet finance is the initial stage of the FinTech development，named as FinTech 1.0 stage. The dramatic development of technologies，mobile Internet，big data，cloud computing，artificial intelligence，as well as block chain and their depth and comprehensive application in the financial system，makes FinTech system gradually enter the FinTech 2.0 stage. Compared to Internet finance，FinTech，with essential cross-border implementation，disintermediation effect，decentralization and self-learning，has greater financial resources integration capability and ecosystem construction function and more significant impacts on the financial system. At present，the supervision of FinTech basically stays in the stage of Internet finance regulation，being as a relatively passive regulatory system. How to adapt to the development of FinTech and establish a positive and dynamic regulatory framework is the fundamental mission for China’s financial regulatory authorities. As the international experiences shown，the RegTech and Regulation Sandbox mechanisms are the main approaches to address the potential risks led by FinTech. Based on the comprehensive understand of the FinTech，it is vital to establish a long-term regulation framework，combining the reconstruction of financial regulatory structure，appropriate supervision Regtech，with China’s style Sandbox mechanism，to firmly hold the bottom line of systemic risks and to keep the FinTech system be stable and sustainable.
