PBOC

China Gets Tough on Non-Bank Payment Providers
China Gets Tough on Non-Bank Payment Providers
December 17, 2023  |  Regulation

China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and...

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People’s Bank of China Enables Offline Payments with Digital Yuan
People’s Bank of China Enables Offline Payments with Digital Yuan
January 16, 2023  |  CBDC

The People’s Bank of China has reportedly enabled Android users to make offline payments using digital yuan. With a new function added to the bank’s...

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PBOC to Banks: Step Up Loan, Mortgage Approvals  
PBOC to Banks: Step Up Loan, Mortgage Approvals  
May 24, 2022  |  International

Regulators are telling banks in China to step up loan approvals and keep the flow of mortgages going as the world’s second-largest economy remains on...

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China’s Meituan to Allow CBDC Payments
China’s Meituan to Allow CBDC Payments
January 28, 2022  |  CBDC

China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. As CoinTelegraph reported Friday...

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China to Renew Money Laundering Crackdown
China to Renew Money Laundering Crackdown
January 26, 2022  |  Regulation

After stepping up enforcing regulations in recent years, China is planning to launch a nationwide crackdown on money laundering, Bloomberg reported. The People’s Bank of...

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PBOC Puts Limits on Commercial Financing
PBOC Puts Limits on Commercial Financing
January 14, 2022  |  International

The People’s Bank of China (PBOC) has published new rules designed to place a cap on bank’s commercial financing operations, while also bolstering risk management...

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PBOC Has Open Banking, Supervision, Regulation on 2022-2025 FinTech Agenda
PBOC Has Open Banking, Supervision, Regulation on 2022-2025 FinTech Agenda
January 10, 2022  |  International

On Friday (Jan. 7), the People’s Bank of China released its Financial Science and Technology Plan for 2022-2025, which aims to support the growth of...

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Ant to Turn Over Consumer Credit Info to Chinese Government
Ant to Turn Over Consumer Credit Info to Chinese Government
September 22, 2021  |  International

Consumer lending service Ant Group Co. will turn over all of its credit data to Chinese government officials for inclusion in a federal credit reporting...

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Jack Ma Summoned For Questioning About $37B Ant IPO
Jack Ma Summoned For Questioning About $37B Ant IPO
November 02, 2020  |  IPO

The People’s Bank of China (PBOC) and regulators from three Chinese agencies are interviewing Ant Group Founder Jack Ma, Chairman Eric Jing, and CEO Simon...

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