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

Summary:
[unable to retrieve full-text content]China’s central bank says it will prioritise financial stability this year, vowing to strengthen its regulatory muscle and to put all financial activities under government supervision, in an effort to eliminate risks.In particular, the People’s Bank of China (PBOC) said it will firmly implement the top leadership’s plans to strengthen antitrust enforcement and prevent the “disorderly expansion of capital”, which generally refers to the regulation of China’s big technology companies.“Measures…

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[unable to retrieve full-text content]
China’s central bank says it will prioritise financial stability this year, vowing to strengthen its regulatory muscle and to put all financial activities under government supervision, in an effort to eliminate risks.In particular, the People’s Bank of China (PBOC) said it will firmly implement the top leadership’s plans to strengthen antitrust enforcement and prevent the “disorderly expansion of capital”, which generally refers to the regulation of China’s big technology companies.“Measures…

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