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New regulations to ensure country's financial safety

By Cai Xiao | chinadaily.com.cn | Updated: 2017-06-03 17:30

China's central bank will formulate regulations on finance infrastructure construction to guarantee national financial safety, its deputy governor said on Saturday in Beijing.

Chen Yulu, deputy governor of the People's Bank of China, said with the rapid development of finance technology, there are higher requirements on financial infrastructure construction. Key fields include payment, credit and financial statistics.

In May, China's central bank set up a finance technology committee for fintech research and planning and paying attention to prevent risks.

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