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China to embrace new fintech challenges with innovation, prudence
Aggregated Source: ChinaLegalBlog.com

Finance Faced with rapidly evolving financial technology (fintech), China will continue to maintain an innovative and prudent approach in embracing new challenges, a Chinese official said Tuesday. As the off-counter transaction rate of Chinese banks has exceeded 90 percent and financial services are highly dependent on the internet, cybersecurity needs to be highlighted, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC).…

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