#CHINA CENTRAL BANK: ISSUES DETAILED RULES ON THE IMPLEMENTATION OF THE ADMINISTRATION OF NON-BANK PAYMENT INSTITUTIONS
⚠ CHINA CENTRAL BANK: WILL URGE PAYMENT INSTITUTIONS TO SERVE THE REAL ECONOMY
CHINA CENTRAL BANK: ISSUES DETAILED RULES ON THE IMPLEMENTATION OF THE ADMINISTRATION OF NON-BANK PAYMENT INSTITUTIONS
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.
