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China wraps up two-year tech crackdown, top official says

Alibaba, Tencent, Didi and Meituan can expect normalized supervision

Guo Shuqing, the party secretary of the People's Bank of China, says the special campaign to rectify 14 internet platform companies' financial businesses is basically complete.

China's more than two-year clampdown on its sprawling internet sector is coming to an end, according to a top central bank official.

The special campaign to rectify 14 internet platform companies' financial businesses is basically complete with few remaining issues to resolve, said Guo Shuqing, Chinese Communist Party secretary of the People's Bank of China (PBOC).

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