Recently, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission and Party Secretary of the central bank, outlined a new five-year regulatory plan to that effect in an article cited by the Shanghai Securities News. Guo is the “highest ranking regulator to weigh in on the issue” after officials put a stop to Ant Group’s planned record-breaking initial public offering.
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China Lays Out 5-year Regulatory Plan Aimed at Curbing Fintech Consolidation
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