Pressure to upgrade regulatory technology, or RegTech, in China’s $57 trillion financial industry has increased as the government reforms capital markets and weeds out corruption.
China is also reforming initial public offering rules to speed up stock listings. At the same time, bourses are tightening vetting processes, said a Shanghai-based banker. The bourse has already invested heavily in RegTech. In 2021, Deloitte helped it build a corporate profile model to detect accounting fraud.
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Maybe we should use our tie-up with them to figure out how to police insider trading?