BEIJING—China’s central bank is increasing its monitoring of the loosely regulated financial-technology sector—a major source of risk, given the enormous sums involved. The People’s Bank of China said in a report that it is considering expanding its risk-assessment system beyond banks to include major online financial businesses. Last month, it reached agreement with 45 nonbank financial firms—including payment systems affiliated...

Source: Wall Street Journal August 07, 2017 12:22 UTC