China’s Central Bank Establishes FinTech Committee
The People’s Bank of China, the nation’s central bank, has announced the establishment of a FinTech committee. The PBOC has set up its own committee for ‘strengthening the research, work, planning and coordination’ of financial technologies, an announcement posted on the central bank website revealed. China’s central bank, which also acts as the country’s financial regulator, will also organize an ‘in-depth study’ on the impact of FinTech innovation in a number of areas including monetary policy, payment and settlement and financial stability. The PBOC has already experimented with new....
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