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China could restrict bank tie-ups with fintech firms, official suggests
Aggregated Source: ChinaLegalBlog.com

China ‘s former finance minister Lou Jiwei suggested that China could restrict the number of bank s a single fintech platform can partner with, to prevent any platform from gaining too much market share, state media reported on Sunday.

China ’s regulators last month warned the country’s tech giants that they face closer scrutiny.…

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