Tencent's top risk control executive to depart amid fintech revamp

Beijing push to lower financial risk results in shake-up across financial sector

20230227 Tencent

Tencent, operator of the popular messaging app WeChat, is one of the leading internet companies facing regulatory requirements to reshuffle financial services. © Reuters

LIU RAN, ZHANG YUZHE and HAN WEI, Caixin

A top executive overseeing risk control at Tencent Holdings' fintech operation will soon depart as the tech giant moves closer to revamping its financial businesses to meet regulatory requirements.

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