Source: South China Morning PostChina’s central bank said it is accelerating infrastructure development for its own financial technology, which includes upgrades to its data centres and the network linking all central bank offices and branches, along with creating a “central bank cloud” in 2021, in a bid to keep pace with a financial industry that is increasingly shaped by data, artificial intelligence and Big Tech.The People’s Bank of China (PBOC) aims to strike a balance between “growth and supervision” of fintech, the bank…Read More