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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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November 20 20:00 UTC Released

BRCAGED Net Payroll Jobs*

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77 k

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77 k

November 20 13:00 UTC Released

RURetail Sales YY

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3.0 %

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3.9 %

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3.1 %

November 21 13:55 UTC 893893m

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November 21 13:55 UTC 893893m

USRedbook YY

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2.3 %

November 22 12:00 UTC 22182218m

USMBA Mortgage Applications

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3.1 %

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USMortgage Market Index

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401.7 Bln EUR

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237.75 k

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USInitial Jobless Claims

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240 k

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249 k

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USContinued Jobless Claims

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1.860 Mln

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