China details regulations on non-bank payment institutions

China details regulations on non-bank payment institutions

The Star Online - News·2024-04-23 08:02

BEIJING, April 22 (Xinhua) -- The People's Bank of China on Monday began to solicit public opinion on the detailed rules regulating the non-bank payment institutions, as a part of efforts to enhance their supervision and management.

The document aims to detail the regulations for the supervision and administration of non-bank payment institutions, which were issued by the State Council last December.

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