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In Depth: China’s Fintech Plan Part Two Puts Data, Risk Control in Driving Seat

By Liu Ran and Kelsey Cheng
2022年03月03日 11:31
Governance, real-world application of core technology, and strengthening regulation are also at the heart of the roadmap
The PBOC is moving to the next phase of driving fintech growth, giving full play to data and innovation to benefit the economy while also improving regulation to stamp out risk and malfeasance, and ensure that laws on data security and privacy are obeyed. Photo: VCG

As China puts the digital economy and all things data at the heart of the country’s development strategy for the next five years, expanding and regulating the fintech sector in a way that controls risks and avoids the chaos of past few years will be a key part of the initiative.

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