PBOC Unveils 40 Measures to Develop Shanghai Fintech Sector

Among the key measures announced by PBOC Shanghai is the possible introduction of a regulatory sandbox, drawing on international practice.
The Shanghai division of the PBOC (People’s Bank of China) has introduced 40 new measures aimed at promoting fintech development in the city and its surrounding Yangtze River Delta region.
The measures target eight stated goals, including to develop a fintech ecosystem “with global influence”, deepen the application of technology in financial services, and pr…

Original Source