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In Depth: PBOC Isn’t Done With Fintech as Ethics Governance Regulations Loom

By Kelsey Cheng and Liu Ran
2022年05月18日 12:50
New system, which was flagged in January, aims to ensure companies don’t abuse their technology advantages to get ahead
China’s central bank set out the main principles of its fintech ethics governance system in its Fintech Development Plan (2022-2025).

China’s central bank is ramping up efforts to set up an ethics governance system for the fintech sector by the end of the year which will also tighten supervision and tackle risks, suggesting regulation of the industry is far from over.

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