PBOC chief vows more effort to curb tech monopoly, protect consumer data

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China will continue curbing on monopolistic behaviours in the internet sector and protect consumer data and meanwhile vowed to support the healthy development of the private economy, the internet sector and the digital economy, said Yi Gang, Governor of the People's Bank of China (PBOC).

Yi made the remarks at the Regulating Big Tech conference hosted by the Bank for International Settlements (BIS) when commenting on the country's move to close supervisory loopholes for the platform economy.

China will continue taking steps to curb monopolistic behavior among internet platform companies and strengthen the . . .

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