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China approves plan to support development of fintech sector
$Alibaba (BABA.US)$ Chinese President Xi Jinping chaired a top-level meeting on Wednesday that approved a plan for the healthy development of China's large payment firms and fintech sector, state media reported.
The meeting outlined that China will step up the supervision of large payment firms to ward off systemic financial risks and will support platform companies in servicing the real economy, state news agency Xinhua said
The meeting outlined that China will step up the supervision of large payment firms to ward off systemic financial risks and will support platform companies in servicing the real economy, state news agency Xinhua said
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SpyderCall : I saw this news earlier. There was a lot of positive sentiment in the market as the big gintech companies picked up the hang seng and carried the rest of the market with it. Do you know of any smaller fintech companies besides BABA and other big names??
70863959 : Ok so that news make it go up 6% time to short
102640653 : Look like tonight but coin might move up above 22k . A wild guess of mine