News Snapshot:
BEIJING (Reuters) - China's former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with, to prevent any platform from gaining too much market share, state media reported on Sunday. China's regulators last month warned the country's tech giants that they face closer scrutiny. A planned $37 billion stock listing of Alibaba's Ant Group, scheduled to be the world's largest, was then abruptly suspended. Speaking at a wealth management forum on Saturday, Lou, who remains influential as the external affairs director at a top advisory body to the Chinese government,...
