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PBOC establishes fintech committee to enhance research, planning and innovation

The People’s Bank of China (PBOC) announced that it has established a fintech committee in a move to improve research, planning as well as coordination of work on fintech, Shanghai Daily reported.

“Fintech, or technology-driven financial innovation, has both injected vitality into financial development and brought new challenges to financial security,” the PBOC website stated.

According to the bank, it aims to further study its influence on monetary policy, financial markets, payments and clearing, financial stability, among others in order to make strategic plans and provide policy guidance on fintech development.

PBOC is devising a mechanism for fintech innovation in a move to handle ties between securities and development. It will also guide the proper use of fintech in the financial industry.

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May 26 14:30 UTC Released

USECRI Weekly Annualized*

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5.1 %

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5.0 %

May 26 14:30 UTC Released

USECRI Weekly Index*

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144.1 %

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144.5 %

May 28 15:00 UTC 20832083m

SAM3 Money Supply YY*

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0.0 %

May 28 15:00 UTC 20832083m

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-0.1 %

May 29 08:00 UTC 31033103m

EZLoans to Households*

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2.4 %

May 29 08:00 UTC 31033103m

EZLoans to Non-Fin

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2.3 %

May 29 08:00 UTC 31033103m

EZMoney-M3 Annual Grwth*

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5.2 %

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5.3 %

May 29 23:30 UTC 40334033m

JPAll Household Spending MM*

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1.1 %

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-2 %

May 29 23:30 UTC 40334033m

JPAll Household Spding YY*

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-0.7 %

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-1.3 %

May 29 23:30 UTC 40334033m

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1.46 %

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1.45 %

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