Tech - 21 Jan 2021

Central bank takes aim at payment companies

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

On Wednesday, the central bank (PBoC) issued draft rules for non-bank payment companies.

The goal: To curb monopolistic practices in the third-party payments industry.

Chinese payments giants could be broken up (Bloomberg):

“[A]ny non-bank payment company with half of the market ...


Your subscription doesn't include access to this content. Upgrade your account to access.

Change your plan