Xu XinHong
Jiangxi University of Engineerin，Xinyu, Jiangxi，338000；
Abstract: The financial technology system is derived from natural ecosystems, representing the convergence of financial natural evolution and technological innovation. It refers to a dynamic equilibrium system where financial technology participants interact, compete, and depend on each other, as well as with the external financial environment. The origin and operational mechanisms of the financial technology system can be thoroughly analyzed through the transaction cost theory and institutional change theory of new institutional economics. This paper attempts to explore its root mechanisms and operational logic from this perspective, aiming to provide both theoretical and practical references for further understanding and promoting its sustainable development.
Keywords: financial technology system; transaction costs; induced institutional evolution
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