China’s Xi calls for stronger fintech oversight, security

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BEIJING, China (AFP) — A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard by a regulatory crackdown. The government action has pummelled some of China’s biggest tech firms, wiping out hundreds of billions of dollars in market value since last year. But with the Chinese economy hammered by Covid lockdowns, the government has rolled out […]