Date
21 August 2017

PBoC official backs internet financing innovation, Xinhua says

Internet financing development and innovation should be encouraged to supplement traditional funding channels, the official Xinhua news agency reported Thursday, citing central bank vice governor Liu Shiyu. To prevent risks and curb fraud, the government will closely monitor the emerging industry, he said. The State Council will issue internet financing guidelines soon, the report said.

– Contact HKEJ at [email protected]

MY/AC/RA

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