Proceedings of Global Business and Finance Research Conference
5-6 May, 2014, Marriott Hotel, Melbourne, Australia, ISBN: 978-1-922069-50-4
Mobile Wireless Internet-based Global M-Finance Strategy
Qing Zeng1 , William Q. Tsing 2 and Yilin Zeng3
The paper explores a novel global financial strategy—mobile
financial services (MFS) based on the next generation mobile
wireless Internet. Our analyses indicate that MFS will bring radically
change to trading, regulatory models, security regime, taxation
management etc. It is not only a revolution of the financial system
itself and one of the effective means for promoting social reform and
building an efficient government. China’s case shows that the
mobile finance strategy can greatly promote government
transparency and national reform through real-time cross-border
transactions, and play a positive role in many aspects such as crack
down on the crime of international finance among countries, prevent
the officials and executives’ corruption and capital flight, and even
promote the authoritarian country toward democratic politics.
JEL Codes: F39, G15 and E58
1
Dr. Qing ZENG at Hainan University PRC, now ZENG studies in Finance & Economics at Universities in
Australian. Email: qh8imf@hotmail.com
2
Dr. William Q. TSING at Victoria University, Australia. Email:william.q.miller@gmail.com
3
MBA, Yilin ZENG at the Department of Finance, Hunan Huadian Changsha Power Generation Co. Ltd.,
China, Email: gps8gsm@hotmail.com