China’s official app for digital yuan seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken October 16, 2020. The People’s Bank of China is making moves to strengthen its financial technology, including a “central bank cloud”. Photo: Reuters China’s official app for digital yuan seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken October 16, 2020. The People’s Bank of China is making moves to strengthen its financial technology, including a “central bank cloud”. Photo: Reuters
China’s official app for digital yuan seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken October 16, 2020. The People’s Bank of China is making moves to strengthen its financial technology, including a “central bank cloud”. Photo: Reuters
Fintech

China’s central bank to build out fintech cloud infrastructure after clipping the wings of Ant Group, JD.com

  • The People’s Bank of China unveiled plans to build up its own financial technology, including a ‘central bank cloud’
  • The move comes after Ant Group and JD.com were forced to restructure their financial services, which will be overseen by the bank

Knowledge |   Jack Ma
China’s official app for digital yuan seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken October 16, 2020. The People’s Bank of China is making moves to strengthen its financial technology, including a “central bank cloud”. Photo: Reuters China’s official app for digital yuan seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken October 16, 2020. The People’s Bank of China is making moves to strengthen its financial technology, including a “central bank cloud”. Photo: Reuters
China’s official app for digital yuan seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken October 16, 2020. The People’s Bank of China is making moves to strengthen its financial technology, including a “central bank cloud”. Photo: Reuters
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