The People’s Bank of China is expanding its crack down on fintech firms that break the country’s anti-monopoly law. Photo: Reuters The People’s Bank of China is expanding its crack down on fintech firms that break the country’s anti-monopoly law. Photo: Reuters
The People’s Bank of China is expanding its crack down on fintech firms that break the country’s anti-monopoly law. Photo: Reuters

With Jack Ma’s Ant Group reined in, China’s central bank sets sights on other fintech firms’ monopolistic behaviour

  • Many mobile payment companies have breached the country’s anti-monopoly law, not just Ant Group, says central bank official
  • PCOB’s measures may slow down fintech firms’ development but will lead to healthy development of the sector in the long term

Topic |   Banking & finance
The People’s Bank of China is expanding its crack down on fintech firms that break the country’s anti-monopoly law. Photo: Reuters The People’s Bank of China is expanding its crack down on fintech firms that break the country’s anti-monopoly law. Photo: Reuters
The People’s Bank of China is expanding its crack down on fintech firms that break the country’s anti-monopoly law. Photo: Reuters
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