News Snapshot:
(Bloomberg) -- China’s banking regulator said recent measures to rein in financial technology firms that have hit hard at giants such as Jack Ma’s Ant Group Co. weren’t aimed any specific company and have been well received by some in the industry. Some of the firms have a “relatively positive attitude” toward the new requirements and have achieved “initial effects” in their “rectification” efforts, Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, said at a briefing in Beijing on Friday, without being specific. Officials have unveiled a string of new rules to curb its booming financial...
