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By Reuters Staff 1 Min Read BEIJING, Jan 25 (Reuters) - China’s central bank will look into and punish illegal unlicensed personal credit scoring businesses, a central bank official said on Monday, as the government tightens regulation on fintech firms who collect and use personal data in financial services. “The personal credit scoring business conducted by those carrying the name of big data companies or fintech firms without obtaining the permission from the People’s Bank of China (PBOC) are considered as illegal activities,” Tian Di, deputy chief of PBOC’s Credit Information System Bureau, told reporters at a news conference in Beijing. (Reporting by Rong Ma and Ryan Woo; Editing by Toby Chopra) ....
China’s central bank will look into and punish illegal personal credit scoring businesses, a central bank official said on Monday, as the government tightens regulation on fintech firms who collect and use personal data in financial services. ....
© Provided by Xinhua | Aerial photo taken on Nov. 23, 2020 shows a view of Lhasa City, capital of southwest China Tibet Autonomous Region. (Xinhua/Pur ....
In tough year, China makes decisive progress in ending absolute poverty (Xinhua) 09:57, January 01, 2021 China removed the remaining 52 counties from the poverty list as scheduled this year, despite the unprecedented impacts brought about by the COVID-19 epidemic. The hard-won feat came after decades of unremitting efforts. Since the late 1970s, China has lifted more than 700 million people out of poverty. The anti-poverty campaign has not only greatly improved the livelihood of poor people, but also helped induce a much-coveted sense of fulfillment and gain. A skilled baker with seven years of experience, Abudujilil Tuhtey can make 500 to 600 pieces of naan every day. It s a staple food popular in northwest China s Xinjiang Uygur Autonomous Region. ....
China removed the remaining 52 counties from the poverty list as scheduled this year, despite the unprecedented impacts brought about by the COVID-19 epidemic. The hard-won feat came after decades of unremitting efforts. Since the late 1970s, China has lifted more than 700 million people out of poverty. The anti-poverty campaign has not only greatly improved the livelihood of poor people, but also helped induce a much-coveted sense of fulfillment and gain. BEIJING, Dec. 31 (Xinhua) A skilled baker with seven years of experience, Abudujilil Tuhtey can make 500 to 600 pieces of naan every day. It s a staple food popular in northwest China s Xinjiang Uygur Autonomous Region. ....