Chinese fintech platforms should meet capital requirements in two years


Source: bestwnews.com bestwnews.com

Key Topics in this News Article:

News Snapshot:

Home » Chinese fintech platforms should meet capital requirements in two years Chinese fintech platforms should meet capital requirements in two years March 2, 2021 FILE PHOTO: China’s top banking regulator Guo Shuqing speaks to reporters on the sidelines of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 5, 2019. REUTERS/Thomas Peter BEIJING (Reuters) – China’s financial technology companies have a maximum of two years to meet capital adequacy requirements, said Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, at a news conference on Tuesday. Micro lenders, consumer finance...