News Snapshot:
A senior official from the People’s Bank of China (PBOC) said that the authority will drive the development of broad range of new standards for the Chinese fintech sector as well as the digital renminbi. Yang Fuyu (杨富玉), secretary of the financial standardisation committee of PBOC, said on 21 October that the central bank was currently in the process of further strengthening the top-level design of financial standardisation, and will work with other authorities to draft a financial standardisation development plan for the term of the 14th Five Year Plan. Its standardisation campaign will include: - Steadily driving the development...
