China issues details of rules to tackle online financial risk



China's cabinet and major financial regulators on Thursday published details of rules aimed at stamping out fraud and illegal fundraising in the country's fast-growing online finance sector.
The State Council document, which dates from April, provides guidelines and more far-reaching oversight for regulation of online financial activity, including peer-to-peer (P2P) lending, crowd-funding and third-party payments.
The goal is to provide "market order" and safeguard the "vital interests" and "legitimate rights" of financial consumers, an unnamed senior official... read more

 
13 October 2016 in Science &Technology, Views: 31
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31