By Ndubuisi Ekekwe A China’s popular website, SCMP, has summarized a speech by Liang Tao, vice-chairman of the China Banking and Insurance Regulatory Commission (CBIRC), during a financial forum in the Chinese capital, thus: “Fintech firms must behave like banks, China regulator says as it ring-fences runaway industry to rein in potential risks”. This has triggered a new avalanche in the Chinese fintech community. Indeed, over the last few days since Ant Group’s history-making IPO was…
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Source:: Tekedia
