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China Central Bank Details Rules on Online Payment
Dec 29, 2015China's central bank released detailed regulations of online payment services by non-bank institutions on Monday in the latest effort to contain possible risks in the booming Internet finance industry. The new rules require real-name ...
Tags: China Central Bank, Online Payment
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Internet Finance to Make a Difference in China's Finance Development
Dec 17, 2015Experts and insiders say with the industry booming in China, the country's plan to modernize its financial services may have just entered a golden era. [Photo: nipic.com] Internet finance has become a hot topic at the ongoing World ...
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Peer-to-Peer Lending Is Facing Its First Serious Government Regulation
Mar 9, 2015Peer-to-peer lending, websites that allow individuals to borrow money from other individuals without going through banking middlemen, is facing its first serious government regulation as defaults undermine confidence in the online systems. ...