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China considers tougher rules for nonbank payments industry

China considers tougher rules for nonbank payments industry
By CHEN JIA |
China Daily |
Updated: 2021-01-22 07:19
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A customer shows an Alipay payment confirmation to an employee at a beverage shop in Beijing. [Photo/Agencies]
China has tightened regulation on companies in the nonbank payment industry with an eye on curbing market monopoly behavior that could trigger financial risks, experts said on Thursday.
The People s Bank of China, the central bank, issued draft regulations on nonbank payment institutions for public opinion on Wednesday. Under the new rules, the PBOC can ask the anti-monopoly law enforcement agency under the State Council to ban any payment company which abuses its market monopoly position. ....

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Detailed text transcripts for TV channel - CNN - 20190204:04:32:15

Detailed text transcripts for TV channel - CNN - 20190204:04:32:15
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Detailed text transcripts for TV channel - FOXNEWS - 20130504:02:24:00

Healthcare, turns out many people will find that their costs are going up. 6 million people who thought they were going to get subsidies to lower the costs of healthcare are going to end up paying more. the whole thing at a time four years after supposed recovery when we are finally getting a little bit of steam all this this comes along and we are art artificially hurting the economy again. greta: if obamacare were out of the calculus would the economy be doing better or still have other existing problems depressing it? we have problems depressing it but right now, those problems are starting to be overcome. credit for small businesses. nonbank sources starting to fill in the gap. banks easing up a little bit better than what they were doing 6 months or 12 months ago. is economy would be doing ....

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Detailed text transcripts for TV channel - FOXNEWS - 20130504:09:24:00

Healthcare, turns out many people will find that their costs are going up. 6 million people who thought they were going to get subsidies to lower the costs of healthcare are going to end up paying more. the whole thing at a time four years after supposed recovery when we are finally getting a little bit of steam all this this comes along and we are art artificially hurting the economy again. greta: if obamacare were out of the calculus would the economy be doing better or still have other existing problems depressing it? we have problems depressing it but right now, those problems are starting to be overcome. credit for small businesses. nonbank sources starting to fill in the gap. banks easing up a little bit better than what they were doing 6 months or 12 months ago. is economy would be doing ....

6 Million , Obama Care ,

Detailed text transcripts for TV channel - MSNBC - 20120105:02:53:00

Mr. sperling, it s good to have you here again. thank you for your time. thanks for having us. republicans are obviously upset with the fact that these were recess appointments and clearly felt that it was worth it to do this. what can be done with having richard cordray in in position that couldn t be done without the recess appointment. that s obviously a great president. the president wasn t trying to pick a fight. he was trying to pick the law of the land which created, as you said, a new independent consumer watchdog which is there to protect millions of working families to the type of abuse that many have suffered from credit cards, payday loans, you know, school loans, and on and on. but to your particular question, until either as an actual director in place, you could not supervise the nonbank. when you think of the types of abuse that so many people ....

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