News Snapshot:
A file photo shows a pedestrian walks past the headquarters building of the People's Bank of China in Beijing, capital of China. (Xinhua) The People's Bank of China (PBC), the central bank, and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) on regulatory cooperation in fintech innovation, under which fintech supervision tools of the PBC and HKMA will be connected, according to a statement issued by the PBC on Thursday. Also on Thursday, Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR), vowed that the city will further boost the offshore yuan...
