Fintech firms use new technology to compete in the marketplace of traditional financial institutions such as banks and insurers. Photo: iStockphoto

PBOC sets up new committee to oversee China’s burgeoning fintech industry

The move reflects the need for regulation to catch up with technology-driven innovation that may carry cross-sector financial risks

Topic |   Regulation

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Fintech firms use new technology to compete in the marketplace of traditional financial institutions such as banks and insurers. Photo: iStockphoto
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