News Snapshot:
BEIJING :Chinese President Xi Jinping chaired a top-level meeting on Wednesday that approved a plan for the healthy development of China's large payment firms and fintech sector, state media reported. The meeting outlined that China will step up the supervision of large payment firms to ward off systemic financial risks and will support platform companies in servicing the real economy, state news agency Xinhua said, without giving details. China will push large payment firms and fintech platforms to return to their roots, and will look to better coordinate supervision between various regulatory bodies, Xinhua also quoted the meeting as saying....
