Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Finance

    China to embrace new fintech challenges with innovation, prudence: official

    Xinhua | Updated: 2020-12-09 13:30
    Share
    Share - WeChat
    [Photo/China Daily]

    BEIJING -- Faced with rapidly evolving financial technology (fintech), China will continue to maintain an innovative and prudent approach in embracing new challenges, a Chinese official said Tuesday.

    As the off-counter transaction rate of Chinese banks has exceeded 90 percent and financial services are highly dependent on the internet, cybersecurity needs to be highlighted, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC).

    Guo made the remarks while delivering a speech at the Singapore Fintech Festival, which runs from Dec 7 to 12.

    Fairer market competition will be pursued, as tech giants can use data monopoly advantages to hinder fair competition and obtain excess returns, Guo added.

    He called for strict monitoring of large companies to prevent them from obstructing the entry of new organizations, collecting data in unusual ways and refusing to share information that should be disclosed.

    Guo noted that fintech has developed rapidly in China and the digital transformation of financial institutions accelerated with more products and tools, improving the efficiency of financial services.

    China has also learned lessons in handling challenges brought about by fintech, he said.

    The number of Chinese peer-to-peer (P2P) lenders had fallen to zero by mid-November from a peak of about 5,000 due to the country's ongoing efforts to crack down on risky forms of financing.

    Fintech is a term used to describe financial technology, an industry encompassing any kind of technology in financial services.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚欧免费无码aⅴ在线观看| 日韩精品无码一区二区中文字幕 | 中文字幕在线最新在线不卡| 国精品无码一区二区三区左线| 亚洲精品97久久中文字幕无码| 中文字幕极速在线观看| 精品无码一区二区三区亚洲桃色| 少妇无码太爽了不卡在线观看| 天堂√中文最新版在线下载| 无码国产亚洲日韩国精品视频一区二区三区| 成人午夜精品无码区久久| 中文字幕在线最新在线不卡| 中文字幕丰满伦子无码 | 一级电影在线播放无码| 精品久久久久久久无码| 西西午夜无码大胆啪啪国模 | 日日摸日日碰夜夜爽无码| 亚洲一区精品无码| 中文字幕毛片| 久久精品中文字幕有码| 中文字幕高清在线| 亚洲中文字幕在线观看| 中文字幕免费不卡二区| 亚洲av无码乱码在线观看野外| 国产精品无码v在线观看| 东京热加勒比无码视频| 国产无遮挡无码视频免费软件| 精品一区二区三区无码免费视频| 无码人妻丰满熟妇区免费| 午夜福利av无码一区二区| 亚洲AV无码久久| 久久久久亚洲av无码专区| 人妻丰满熟妇AV无码区乱| 精品无码一区在线观看| 免费无码国产V片在线观看| 国产成人亚洲综合无码| 蜜臀精品无码AV在线播放| 亚洲欧美精品一中文字幕| 人妻精品久久久久中文字幕一冢本 | 波多野结衣在线中文| 免费中文字幕视频|