In the News: Unreliable Entities Blacklist; Ford's Antitrust Fine; End of Benchmark Lending Rates; and Local Permits for Foreign Fintech Firms
June 10, 2019 | BY
Marilyn RomeroMOFCOM'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.
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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