Your current location:HOME >style >China details regulations on non 正文
TIME:2024-04-25 22:57:43 Source: Internet compilationEdit:style
BEIJING, April 22 (Xinhua) -- The People's Bank of China on Monday began to solicit public opinion o
BEIJING, April 22 (Xinhua) -- The People's Bank of China on Monday began to solicit public opinion on the detailed rules regulating the non-bank payment institutions, as a part of efforts to enhance their supervision and management.
The document aims to detail the regulations for the supervision and administration of non-bank payment institutions, which were issued by the State Council last December.
The document offers further clarification on key concepts, such as major shareholders and actual controllers, as outlined in the regulations, and details administrative licensing procedures for the non-bank payment institutions.
Through the move, the central bank hopes to bolster transparency and openness in the administrative process and foster greater efficiency in payment institutions so as to create a law-based business environment.
In protecting the legal rights and interests of payment users, it specifies requirements regarding the retention period of user data and transaction records, as well as adjustments to fees.
In recent years, China has witnessed remarkable growth in its non-bank payment industry. Data shows that over 1 trillion transactions are made in the country via non-bank payment institutions annually, with a total value at approximately 400 trillion yuan (about 56.3 trillion U.S. dollars).
(Editor:Fu Bo)
Crystal Palace ensure Premier League safety by beating Newcastle 22024-04-25 22:54
Few voters globally worried about climate change2024-04-25 22:45
'Chubby Hearts' installation launches in Hong Kong2024-04-25 22:14
Samoa citizenship bill passes first hurdle in Parliament with help of ACT and NZ First2024-04-25 22:10
Billionaire Texas oilman inks deal with Venezuela's state2024-04-25 21:17
Chris Hipkins says sick children shouldn't be at school2024-04-25 21:10
HKFP Lens: Hong Kong marks China's National Day with displays of patriotism, pyrotechnics2024-04-25 20:52
Ukraine's Zelensky warns of dwindling air defence missiles2024-04-25 20:43
Wednesday casts Thandiwe Newton in highly2024-04-25 20:41
Finnish police say bullying was motive for school shooting2024-04-25 20:40
Yokohama reaches Asian Champions League final by beating Ulsan in penalty shootout 52024-04-25 22:27
Alicudi: Italian island offers goats up for adoption2024-04-25 22:18
FBI fears 'coordinated attack' on US homeland2024-04-25 22:16
Builders hope Resource Management Act change will speed up papakāinga developments2024-04-25 22:16
Celtics were beaten at their own game at 32024-04-25 22:14
Yang Hengjun: Australian writer detained in China fears he will die in jail2024-04-25 22:08
Boeing jet loses engine cover during takeoff2024-04-25 21:36
Department of Conservation proposes 130 job cuts2024-04-25 21:26
Shohei Ohtani's hard2024-04-25 20:42
China economy update: Evergrande shares plunge 70 per cent2024-04-25 20:17