Analysis of the impact of digitalization on the USA and China financial markets

The article examines the financial markets of the United States and China in the changing environment of the global economy. In the context of the transition to a new technological order, the requirements for the financial system are being transformed, competition between countries and companies is intensifying, and there is an increase in contradictions and disagreements on many key issues, including the financial problems of key countries of the digital economy, which are increasingly viewed as an explicit or latent threat. However, contrary to popular beliefs, the digitalization of the global financial system is an ambiguous process The article then notes that the new and emerging technologies and their applications to financial services have the potential to influence numerous aspects of the financial landscape, including new business models and product designs, competition, operational efficiencies, intermediation, accessibility, consumer engagement, speed, automation, analytics, privacy and transparency, and digital security risk. The author pays special attention to the problems of digitalization of financial markets, the experience of the United States and China, as well as key aspects of discussions, practical solutions and assessment of prospects, taking into account Russian challenges in the field of digital finance.