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Fintech News

Fintech News

China supports fintech development

Submitted by Newsroom on Tue, 06/27/2017 - 14:30

China supports fintech development 

The People's Bank of China (PBoC), the nation's central bank, has set up a fintech committee to enhance research, planning and coordination of work on financial technology. The PBoC made the announcement on its website on Monday. "Fintech, or technology-driven financial innovation, has both injected vitality into financial development and brought new challenges to financial security," said the bank in the statement.