China Central Bank Issues New Rules for Non-Bank Payment Institutions, Urges Support for Real Economy

China's central bank has announced new regulations aimed at enhancing the administration of non-bank payment institutions. The central bank emphasized the importance of these institutions in serving the real economy. Additionally, leading economists, including Ji Mo from DBS Bank, discussed key topics such as connectivity, market access, and settlement systems for businesses operating in China. These developments come as part of broader efforts to improve financial infrastructure and support economic growth.