China’s Central Bank Vows to Continue Fintech Crackdown

Oct.07 — People’s Bank of China Governor Yi Gan says the central bank will continue to strengthen the regulation of the payments sector and ask all financial services companies to be licensed. Meanwhile, the government’s recent measures to tighten supervision over big tech firms and crack down on educational institutions are conducive to healthier growth of the economy and society, according to the spokesperson of the Chinese embassy in the U.K. Stephen Engle reports on “Bloomberg Daybreak: Asia.”