News Snapshot:
China is going to adopt a prudent framework approach as the FinTech sector grows and expands rapidly. Speaking at Singapore FinTech Festival, Guo Shuqing, head of banking and insurance regulator said the country will adopt a positive and prudent framework and monitor the ecosystem. ETBFSI December 11, 2020, 15:33 IST FinTech regulation in China is going to be more positive and prudent in approach. Guo Shuqing , Chairman, China Banking and Insurance Regulatory Commission said, “China will adopt a "positive and prudent" approach towards the rapid growth of its financial technology industry and will watch over "too big to fail"...
