China to intensify supervision of booming fintech sector

Energy Daily


Beijing (AFP) March 5, 2021

China announced plans Friday to boost supervision of the country's huge fintech sector and beef up its anti-monopoly drive, months after a crackdown on the sector that dealt a severe blow to e-commerce titan Alibaba and tycoon founder Jack Ma. Beijing has in recent months looked to rein in its booming financial technology companies to address a worrying debt mountain in the country, while al

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