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

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

Topic |   China economy
Frank Tang
Frank Tang in Beijing

Updated: 12:17am, 8 Jan, 2021

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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
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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