Late last month, China’s central bank summoned Ant Group and ordered it to immediately rectify financial regulatory violations. Photo: EPA-EFE
Late last month, China’s central bank summoned Ant Group and ordered it to immediately rectify financial regulatory violations. Photo: EPA-EFE

China’s fintech platforms face increased scrutiny amid broader regulatory efforts to rein in financial risks

  • Fresh comments by People’s Bank of China are the latest example of how Beijing’s increasing focus on financial security is reshaping world’s second-largest economy
  • Steps will be taken to enhance monitoring of financial activities of online platforms

Late last month, China’s central bank summoned Ant Group and ordered it to immediately rectify financial regulatory violations. Photo: EPA-EFE
Late last month, China’s central bank summoned Ant Group and ordered it to immediately rectify financial regulatory violations. Photo: EPA-EFE
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