News Snapshot:
Business Standard Chinese fintech firms expected to meet capital requirements within 2 years Chinese financial regulators have rolled out a slew of measures since last year to tighten the oversight of online lending practices Covid-19: Irdai permits life, general insurers to conduct video-based KYC China's financial technology companies are expected to meet capital adequacy requirements within a maximum of two years, said Guo Shuqing, head of the China Banking and Insurance Regulatory Commission (CBIRC) on Tuesday. Micro lenders, consumer finance firms and banks operated by internet platforms should all have adequate capital like other financial institutions, Guo said at a...
