Abstract: With the deep integration of information technologies such as big data and artificial intelligence algorithms into the financial services industry, the rapid rise of financial technology has been promoted. From a technical perspective, financial technology can optimise the allocation of financial resources and improve financial efficiency, thereby promoting innovation and development in the financial services industry. However, everything has a two-way nature. When financial technology is deeply embedded in the financial services industry, it also reshapes the traditional financial equilateral trilemma. At this time, financial regulation is difficult to achieve the triple goals of financial innovation, market integrity, and rule simplicity at the same time, forming the asymmetrical?trilemma of financial technology. That is, financial technology regulation is difficult to achieve the triple goals of financial technology innovation, risk prevention, and rule simplicity at the same time, and the triple goals have unequal value attributes. In the context of the asymmetrical?trilemma of financial technology, through theoretical analysis, it is found that overly strict or complex financial technology regulation suppresses the innovation and development of financial technology, leading to a decrease in the benefits of financial technology innovation; while overly loose or simplistic regulation of financial technology?is not conducive to preventing financial technology?risks, leading to increased regulatory costs for financial technology. Only by adopting moderate financial technology regulation (such as twin peaks regulation) can the innovation and development of financial technology and the prevention of financial technology risks be achieved. By using the comparative analysis method, it is found that most countries (such as the United Kingdom, the United States, Australia, etc.) explore the twin peaks regulatory system from the perspective of financial technology regulatory concepts, goals, and means, achieving the dual peak goal of optimizing financial technology regulatory effectiveness (achieving innovation and development of financial technology, and preventing financial technology risks), and optimizing the simplicity of financial technology rules: transforming regulatory concepts and adopting moderate regulatory concepts; building a twin peaks regulatory system to achieve the dual peak regulatory goals; enriching regulatory measures and adopting legal regulation and technological regulation. In order to solve the asymmetrical?trilemma of financial technology?and achieve the dual regulatory goals of promoting financial technology?innovation and preventing financial technology risks under the constraint of financial technology?regulatory resources, China can combine the local financial technology regulatory situation and foreign regulatory experience, and start from the perspective of financial technology regulatory concepts, goals, and means to construct a dual regulatory system in the financial technology?scenario, optimize the simplicity of financial technology rules: Firstly, in terms of regulatory philosophy, there has been a shift from segmented regulation to a twin peaks regulatory approach; Secondly, in terms of regulatory objectives, achieving twin peaks regulatory goals through regulatory sandboxes; Thirdly, in terms of regulatory measures, strengthening the dual approach of legal and technological regulation.

摘要： 大数据与人工智能算法等信息技术深度嵌入金融服务行业，促进了金融科技的快速崛起。从技术原理看，金融科技可以优化金融资源配置与提升金融效率，从而促进金融服务行业的创新发展。然而，任何事物都有双向性，金融科技在深度嵌入金融服务行业时，同时重塑了传统金融等边三元悖论，此时金融监管难以同时实现金融创新、市场诚信和规则简单性的三元目标，形成了金融科技不等边三元悖论，即金融科技监管难以同时实现金融科技创新、防范金融科技风险与金融科技规则简单性的三元目标，而且三元目标具有不等边的价值属性。在金融科技不等边三元悖论下，通过采用理论分析法，发现过于严格或复杂的金融科技监管压抑金融科技创新发展，导致金融科技创新收益降低；过于宽松或简单的金融科技监管不利于金融科技风险防范，导致金融科技监管成本提升。唯有采取适度的金融科技监管（比如双峰监管），方可实现金融科技创新与防范金融科技风险。通过采用比较分析法，发现多数国家（英国、美国、澳大利亚等）从金融科技监管理念、目标与手段层面探索双峰监管体系，实现金融科技监管效果最优化的双峰目标（实现金融科技创新、防范金融科技风险），优化金融科技规则简单性：转变监管理念，采取适度监管理念；构建双峰监管体系，实现双峰监管目标；丰富监管手段，采取法律监管与科技监管。对此，为破解金融科技不等边三元悖论，在金融科技监管资源约束下实现双峰监管目标（促进金融科技创新发展与防范金融科技风险），我国可以结合本土化金融科技监管境况以及域外监管经验，从金融科技监管理念、目标与手段层面切入，构建金融科技场景下的双峰监管体系，优化金融科技规则简单性：其一，在监管理念上，从分业监管转变为双峰监管理念；其二，在监管目标上，通过监管沙盒实现双峰监管目标；其三，在监管手段上，加强法律与科技监管的双元手段。