The People’s Bank of China’s antitrust initiative marks the latest example of Beijing’s increased focus on curbing financial risks. Photo: EPA-EFE The People’s Bank of China’s antitrust initiative marks the latest example of Beijing’s increased focus on curbing financial risks. Photo: EPA-EFE
The People’s Bank of China’s antitrust initiative marks the latest example of Beijing’s increased focus on curbing financial risks. Photo: EPA-EFE
Mobile payments

Why China’s central bank leads antitrust drive and how this may affect Alipay, WeChat Pay

  • The People’s Bank of China’s draft antitrust regulation forms part of its campaign to curb the rise in risks to the nation’s financial system
  • The central bank has said its antitrust initiative was aimed at closing regulatory loopholes in payment services

Topic |   Mobile payments
The People’s Bank of China’s antitrust initiative marks the latest example of Beijing’s increased focus on curbing financial risks. Photo: EPA-EFE The People’s Bank of China’s antitrust initiative marks the latest example of Beijing’s increased focus on curbing financial risks. Photo: EPA-EFE
The People’s Bank of China’s antitrust initiative marks the latest example of Beijing’s increased focus on curbing financial risks. Photo: EPA-EFE
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