Guangzhou to host fintech projects in government sandbox in race with Beijing, Shanghai

Source: Tech – South China Morning PostThe southern Chinese city of Guangzhou has joined Beijing, Shanghai and Shenzhen in boosting local fintech innovations by introducing a sandbox programme that allows stock exchanges, as well as securities and futures companies to experiment with new technology initiatives, according to a plan unveiled by local authorities this week.The plan is aimed at building a “prudent and tolerant” regulatory environment, and facilitating the “digitisation of the capital market”, according to a notice…Read More

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