Reported 7 months ago
The chairman of the Financial Supervisory Commission, Peng Jinlong, stated that the sandbox has indeed encountered bottlenecks and will expand 'financial business trials' by the end of June. This expansion aims to accelerate financial innovation by allowing banks, insurance companies, securities firms, and others to collaborate with new technology startups to test new business concepts within the regulatory framework governed by the Commission without the need for legislation amendments, therefore speeding up the introduction of new services.
Source: YAHOO