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China: WeiyangX Fintech Review The Fintech Committee of the People’s Bank of China Announces Key Tasks in 2021 At the end of January 2021, the People’s Bank of China Fintech Committee meeting was held in Beijing. The meeting summarized the work in 2020 and announced key tasks in 2021. According to the press, the Fintech Committee will focus on the following tasks next year, including: 1) Introduce a new Fintech development plan, accelerate the financial digital transformation, and help build a modern financial system that adapts to the development of the digital economy 2) Provide better ...

On March 3 a Galileo Performance Workshop, open to anyone interested in GNSS and led by the European GNSS Agency (GSA), will offer an in-depth analysis of the performance of the Galileo constellation and signals and how they are evaluated for users. Galileo Reference Center, Noordwijk, the Netherlands. Courtesy GSA. The Galileo Reference Center (GRC) (short video here) has a primary mission of providing independent means to monitor and evaluate the performance of the Galileo services and the quality of the signals in space. The GRC is the European hub for such activities, integrating contribu...

Beijing urgently needs a system to measure individual default risk. Given thin credit histories at banks, it wants financial technology giants to hand over valuable data troves to state-run firms in exchange for minority stakes. Ant and peers have reason to resist.

China may push tech giants Ant, Tencent, others to share consumer credit data FILE PHOTO: People visit Tencent's booth at the World 5G Exhibition in Beijing, China, Nov. 22, 2019. REUTERS/Jason Lee/File Photo Premium China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing’s latest tightening of scrutiny. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@d...

* Aim is to prevent excess borrowing and fraud -sources * Adds to recent proposals to sharpen scrutiny of tech champions (Adds quotes, details on credit agencies) HONG KONG, Jan 11 (Reuters) - China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing’s latest tightening of scrutiny. The plan, if implemented, would effectively end the government’s laissez-faire approach to the industry and is another sign of attempts to rein in the country’s technology...