Overhaul of online platforms run by Chinese fintech firms including Ant Group ‘went well’, though more work is needed, says regulator

//Overhaul of online platforms run by Chinese fintech firms including Ant Group ‘went well’, though more work is needed, says regulator

Overhaul of online platforms run by Chinese fintech firms including Ant Group ‘went well’, though more work is needed, says regulator

Business overhauls at 14 mainland Chinese internet finance platforms, including Ant Group, to tackle disorderly expansion and anticompetitive behaviour that brought major risks to China’s finance sector have gone well, though more work is needed, a senior regulator said.Self-inspection by the platform operators has been largely completed, although it will take more time for the revamp to be fully implemented as it involves complicated issues, Guo Shuqing, chairman of the China Banking and…

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By | 2022-03-02T14:04:42+00:00 March 2nd, 2022|Business|Comments Off on Overhaul of online platforms run by Chinese fintech firms including Ant Group ‘went well’, though more work is needed, says regulator