China has told its finance sector to embrace free and open source software (FOSS). An opinion from the People’s Bank of China and the nation’s Central Cyberspace Administration essentially boils down to “go for it”. The document instructs China’s financial sector players to use FOSS whenever they feel it is apposite, to contribute to FOSS projects, and to respect the licences under which such software is published. Financial institutions are also encouraged to collaborate with tech companies, universities and other institutions on FOSS efforts.

Source: LXer – Get FOSS-happy, China tells its financial intuitions