當台灣開始邁向民主化期間，社會上普遍認為政府的管制是不正確的，整個社會瀰漫著自由化的思維，在金融體系方面也逐步解除金融壓抑轉向金融自由化的發展，但是在金融自由化的過程中，由於突然之間缺乏有效的監理，整個台灣金融體制開始發生一連串的金融問題，如彰化四信、國票案、地下金融、非法吸金等事件。再加上隨後受到亞洲金融風暴影響，造成了「本土型金融風暴」。這些事件造成了台灣國內一堆企業受到傷害而倒地不起，而這些倒地的企業，很多都是透過特殊的「政商關係」從銀行中獲得了高額貸款，然後再將這些錢拿去操作財務槓桿。但在發生如上述的金融事件後，這些企業或私人財務操作失靈導致破產，而這樣的操作失敗連帶的也就衝擊到銀行，致使銀行產生了一大筆的呆帳，使得整個金融體系產生了很大問題。 而金管會正是為了改革金融體系弊端所成立的國家機關，金管會被賦予「獨立機關」的職能，但是卻在實際政治運作中喪失了其獨立自主性及能力。本文藉由探討金管會成立以來的諸多政策制訂與執行的面向，透過Breton的七種政府模式以及Najam的策略互動觀點來分析金管會的自主性與能力為何呈現一種低落的狀態。

金融科技(Financial Technology, FinTech)創新了金融業的經營模式。除了不斷更新金融體系，更升級為平臺架構，結合創新網路經營模式；並持續改善創造利潤及業績，使企業能在瞬息萬變的數位時代，掌握「贏」的契機。 同為華人文化的社會，台灣與香港的金融產業發展的基礎不同，在面臨國內及國際間金融科技與營運管理的變局時，顯現出台港在金融科技產業的位階有差異。香港這兩年在FinTech的創新展現其經營的潛力，可否給步伐緩慢的台灣提供參考。本文在概略敘述金融科技領域相關內涵之外，分析台灣金融科技創新時可能面臨的挑戰。具體的研究問題與目的有二，台港金融科技經營發展模式的差異與台港兩地發展金融科技創新策略的比較。 本研究以文獻收集分析為主要研究方法，敘述兩地金融及資訊科技的背景，並對金融科技的現況加以比較分析。從金融科技投資成功的要素，以及台港推展FinTech策略及初創公司的成果，比較並分析其管理監督體系、發展之重心以及平臺經濟營運實務，剖析投資招募有何值得借鏡之處。台港兩地的發展也受到國際的影響造成投資策略與風險考量產生差異。台灣明顯重視資訊安全，並將之提高到中央總統府層級，香港則以商務發展為重點。數十年來台灣資訊科技創新能量雖較香港為優，然而金融系統保守是其缺點；執政機構及相關業者只要能掌握金融科技的精要，在風險可控的前提下，開啟一個全新的大門，讓金融業、科技業、服務業、農業等都能投入，結合不同專業領域的技術、思維、精神與傳統金融業結合，就可能有創新的金融科技服務商品。 建議擷取香港對國際開大門的成功經驗，建立能與各金融中心接軌的金融科技體系，並參考香港吸收大陸創新專案進入監理沙盒驗證的快速發展做法，嘗試兩岸產業融合發展的新商機與新思路路線，發揮彼此的強項，以擴增金融科技創新產品的利基。讓創新驗證完成的業者能掌握創業契機，給台灣在繼資訊工業之後，再一次站上全球產業新浪頭的機會。 / The business model of financial industry has been innovated by financial Technology (FinTech). In addition, the financial system is also up-to-date and platform architecture is upgrading provided as an end-to-end process via the Internet. These newly developed financial services combine with innovative business models and continuously improve the profitability and performance so that enterprises may grasp the opportunities of “win” in a rapidly changing digital era. With similar Chinese culture, the bases of financial industry in Taiwan and Hong Kong are different. Facing the changing situation of FinTech and the operation at domestic and international, there are differences of Hong Kong and Taiwan in the FinTech level. These two years, the innovation in Hong Kong has exhibited their potential at FinTech, can this provide a reference for the slow developing Taiwan? In this paper, we focus the description of current situations and analyze the challenges of FinTech innovation to Taiwan. There are two aims for this research, a comparison in the modes of operation, and the innovation strategies of FinTech between Taiwan and Hong Kong. We collected literatures about FinTech especially in these two places as a main research method, compareing the status of FinTech. We also analyzed the successful elements of investment in strategies and financial startups, and illustrated the achievements of promotion. The management and supervision system of promotion in FinTech are compared also, focused on the platform economic operation. From the information above, it is worth for learning from investment offerings. We found the influences from international FinTech also caused differences in the investment strategy and risk considerations. Taiwan emphasizes information security and raises it to the level of the presidential management. Hong Kong focuses on business development. Although IT innovation in Taiwan is superior to Hong Kong for decades, the conservative financial system is its own shortcomings. As long as the governing agency and related industry master the essentials of FinTech and open a whole new door under the control of risk, let financial industry, science and technology industry, service industry and even agriculture be invested. Combining different fields of specialists with the traditional financial industry, innovative FinTech services may be constructed. It suggestes that Taiwan should take the successful experience of Hongkong, opening up to the outside world and set up a FinTech system that can connect to other international financial centers. A new opportunity for Taiwan will be expand the niche of FinTech innovation products. Those who have completed the verification of innovation in Sandbox can seize the opportunity. Taiwan may also step onto the global industrialized wave of FinTech after the information industry. Keywords: FinTech, Taiwan, Hong Kong, Investment Strategy, FSC, Supervision Sandbox