No let up in China's aim to curb tech monopolies, PBOC says

China will implement regulations that require platform companies engaged in financial business to establish financial holding companies,

BEIJING: China will continue to curb monopolistic behaviors of internet platform companies and strengthen the protection of consumer privacy and data security, central bank governor Yi Gang said.

The central bank will work with anti-monopoly authorities to prevent firms from abusing dominant market positions and actively deal with new monopoly problems, Yi said at a meeting of the Bank for International Settlements on Thursday.