China Central Bank Turning to Big Data for Financial Supervision
- PBOC aims to increase capability to identify and prevent risks
- Regulators embrace artificial intelligence and cloud computing
The People's Bank Of China
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s central bank said it created a new unit to address emerging financial security challenges brought by technological innovations.
The People’s Bank of China set up a committee to improve financial technology research and coordination and will study how it affects monetary policy, markets, financial stability, payments and clearance, according to a statement released Monday.