News Snapshot:
China has established a national fintech certification center in Chongqing Municipality, according to the People's Bank of China (PBOC). Fintech is a term used to describe financial technology, an industry encompassing any kind of technology in financial services. The establishment of the center in Chongqing marked a significant step in the implementation of the Fintech Development Plan (2019-2021), and was an active measure to improve the regulatory framework for fintech, said Fan Yifei, deputy governor of the PBOC. The center should aim at national strategic needs including innovation-driven development and the construction of the Chengdu-Chongqing economic circle, and build up...
