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

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