Antitrust Antitrust

China's non-bank payment industry warned of antitrust risks in PBOC's proposed new rules

By MLex Staff
  • 21 Jan 2021 01:12
  • 21 Jan 2021 01:12
The People’s Bank of China, the country's central bank, has proposed rules to guard against antitrust risks in its draft regulations to govern non-bank payment companies such as Alipay and WeChat Pay.

The PBOC has called on the country’s antitrust agency to stop companies in the sector from abusing their dominant positions,

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