Chinese financial regulators are ratcheting up their crackdown on virtual currencies with the launch of a strict prohibition on payments companies providing services for...
The Chinese central bank has announced that it will raise the centralised customer deposit ratio for payment companies to roughly 50% from around 20%...
The People's Bank of China has revoked the licenses of nine non-bank payment organisations for various abuses including misappropriation of funds and license abuses
On...
The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...
