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China Appears Ready to Thaw Out Thwarted Fintech Sector

Chinese President Xi Jinping signaled the country is planning to adopt a more nurturing role with respect to the fintech and payments sector. So reports Bloomberg.

The country had cracked down on the operations of larger, progressive companies like Ant Group Co., but a recent central commission meeting signaled that could be changing in the near future. New, enhanced regulations are expected to facilitate the “healthy” development of the space.  

Read the full article from Bloomberg.

 

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