The development and application of financial technology pose great challenge to the system，concepts and methods of traditional financial regulation，directly promote the development of regulatory technology，and provide a possibility for the regulatory authorities to actively propose the construction of a technology- and digital-driven regulation mode. After the international financial crisis in 2008，the regulation mode with institutional regulation and functional regulation as the core has evolved，more and more attention has been paid to the functional regulation and behavioral regulation mode. Especially，the development and application practices of international financial technology and regulatory technology show that，the regulatory authorities should strengthen the top-level design of financial technology and regulatory technology application，attach importance to and encourage the innovation orientation of financial technology and regulatory technology，pay attention to the basic work of micro-financial information，and enhance the role of financial information in financial regulation.

Financial information service is generally part of financial activity，but not all of it belongs to financial activity. Financial information service regulation needs not only to rely on the existing financial regulation system，but also to have different priorities and its own characteristics. The cross-domain of financial information service and the limited centralized system based on the separate regulation determine that a decentralized collaborative regulation system should be established，that is，according to whether financial information focuses on financial attributes or on media attributes，establish the coordinated regulation system led by the People’s Bank of China and the State Internet Information Office for the financial information service focusing on financial activity or information activity respectively. Different regulation departments supervise specific businesses，and promote the transition from coordinated regulation to cooperative regulation，so as to avoid regulation vacuum and over-regulation. On this basis，we should promote the transition from institutional regulation to functional regulation，realize the coordinated development of functional regulation and institutional regulation；actively apply regulatory technology，implement behavioral regulation for key areas of financial information service，and accelerate the digitization of regulatory technology and conduct regulation standards，the development and application of regulatory technology and regulatory tools，and the regulatory technology and regulatory information platform construction；at the same time，aiming at the business with high risk，strong innovation and great impact on financial consumers，explore the establishment of “regulatory sandbox” mode of financial information service.