While speaking at the Asian Financial Forum Jiang Yang, vice chairman of China's Securities Regulatory Commission (CSRC) said that fintech should serve the broader economy, not a select few; two markets mentioned in the talk included p2p lending and cryptocurrencies as they are two of the most popular areas of fintech in China; while Mr. Yang stated that fintech has provided more convenience they should not ignore risks like money laundering and financial crime; he also stated that regulators can play a key role to ensure these new tools are used properly and are widely adopted. Source.
China Securities Regulatory Commission (CSRC) is now consulting some blockchain companies on ICOs, China Business News exclusively reports; now it is in the phase of collecting suggestions and having discussions; CSRC will particularly keep tabs on the fraud projects that raise money in the guise of cryptocurrencies and ICOs. Source (Chinese)