China’s banking regulator said recent measures to rein in financial technology firms that have hit hard at giants such as Jack Ma’s Ant Group Co weren’t aimed any specific company and have been well received by some in the industry. Some of the firms have a “relatively positive attitude” toward the new requirements and have achieved “initial effects” in their “rectification” efforts, Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, said at a briefing in Beijing on Friday, without being specific. Officials have unveiled a string of new rules to curb its booming financial technology industry and prevent any one firm from becoming too powerful. The measures up
Hence then, the article about fintech crackdown not aimed at specific firms says china was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Fintech crackdown not aimed at specific firms, says China )