Fintech firms drop online deposit products By HE WEI in Shanghai and JIANG XUEQING in Beijing | China Daily | Updated: 2020-12-22 09:33 Share [Photo/VCG]
China s top financial technology platforms have removed online deposit products following scrutiny from regulators concerned about risk issues.
Ant Group s Alipay, Du Xiaoman Financial, JD and Tencent Wealth Management have all stopped the sale of banks online deposit products via their apps.
Ant Group, whose Alipay app provides a gateway to a torrent of financial products, on Friday removed the online deposit products of several banks. The move was quickly followed by JD Digits, the financial arm of e-commerce group JD, and wealth management firm Lufax backed by Ping An Insurance Group Co, which took down its interest-bearing time deposit products over the weekend.
Chinese lawmakers to deliberate provisions on juvenile crimes - Xinhua
xinhuanet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from xinhuanet.com Daily Mail and Mail on Sunday newspapers.
Chinese lawmakers to deliberate provisions on juvenile crimes
beijingbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from beijingbulletin.com Daily Mail and Mail on Sunday newspapers.
2020-12-21 13:35:12 GMT2020-12-21 21:35:12(Beijing Time) Xinhua English
BEIJING, Dec. 21 (Xinhua) To address challenges brought about by the era of big data, China s top legislature will strengthen the protection of personal information through moves such as enacting legislation to regulate the use of facial recognition technology, a spokesperson said on Monday.
A draft law on the protection of personal information was submitted to the Standing Committee of the National People s Congress (NPC) for deliberation in October and has been made public to solicit opinions, Yue Zhongming, spokesperson for the Legislative Affairs Commission of the NPC Standing Committee, told a press conference.
China to tighten personal data protection due to big data challenges - Xinhua
xinhuanet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from xinhuanet.com Daily Mail and Mail on Sunday newspapers.