A deputy governor of the People's.......>

CHINA PRESS: A deputy governor of the People's Bank of China has said that China

needs to deepen reforms in the financial technology, or fintech, sector and

further integrate finance and technology, the Financial News reported Wednesday

on its website. The central banker, Fan Yifei, told a conference Wednesday in

Wuhan that the PBOC values the development of fintech and that it would continue

to facilitate innovation and reform in the sector. He noted that some problems

persist in the development of the sector, such as small tech companies'

difficulty in obtaining financing, the inability to address risks well and the

lack of improvement in infrastructure. To tackle the risks, the government needs

to guide, coordinate and support fintech companies, with an assessment program

to regulate companies' activities, Fan said. (Financial News)