Legislation roundup: Payment institutions, enterprise names and market makers
January 22, 2021 | BY
Susan MokPBOC defines market dominance for non-bank payment institutions. There are stricter rules on using the word "China" and its variants in an enterprise's name. Market makers will no longer be set by product.
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Banking and Finance
People's Bank of China, Regulations on Non-bank Payment Institutions (Draft for Comments)
Where any of the following circumstances apply to (a) non-bank payment institution(s), the People's Bank