In the News: Unreliable Entities Blacklist; Ford's Antitrust Fine; End of Benchmark Lending Rates; and Local Permits for Foreign Fintech Firms

MOFCOM's new Unreliable Entity List is mooted as possible trade war retaliatory tool; Ford's China JV hit with $23.6 million antitrust fine; PBOC may scrap its official benchmark lending rates; and SAFE says overseas digital finance firms must have local permits.

4 minute readJune 10, 2019 at 09:16 AM

Marilyn Romero

In the News: Unreliable Entities Blacklist; Ford's Antitrust Fine; End of Benchmark Lending Rates; and Local Permits for Foreign Fintech Firms

China sets up blacklist of foreign “unreliable entities”

China's Ministry of Commerce, or MOFCOM, has an announced the establishment of a list of “unreliable entities” which the government says are foreign companies that damage their Chinese counterparts.

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