The headquarters of Ant Group, China’s largest fintech firm, in Hangzhou on February 21, 2022. Photo: Bloomberg
The headquarters of Ant Group, China’s largest fintech firm, in Hangzhou on February 21, 2022. Photo: Bloomberg
Fintech

China’s central bank encourages ‘controllable risks’ in fintech innovation in Alibaba’s home province of Zhejiang

  • A new government notice aims to improve financial services in an industry hit hard by China’s Big Tech crackdown over the past 16 months
  • The central government has recently signalled renewed efforts to improve economic growth, but its language on fintech innovation remains cautious

The headquarters of Ant Group, China’s largest fintech firm, in Hangzhou on February 21, 2022. Photo: Bloomberg
The headquarters of Ant Group, China’s largest fintech firm, in Hangzhou on February 21, 2022. Photo: Bloomberg
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