PBOC Sanctions to Ensure Fintech Develops in a Healthy Way
Fintech has been a significant growth area and has exciting potential for those pursuing financial services careers in Hong Kong. However, the People's Bank of China (PBOC) is currently taking steps to rein in the monopolistic behaviour that many fintech firms have been displaying. Most recently, Jack Ma's Ant Group has been on the receiving end of sanctions from the PBOC. According to the central bank, Ant Group is not the only offender as many other mobile payment companies have...
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