Jan 20, 2022 06:15 AM

China Issues More Guidelines on Internet Giants and Fintech

What’s new: Nine Chinese regulators tightened restrictions on investment in financial institutions by internet platform companies in a joint opinion issued Wednesday.

In the document, regulators including the National Development and Reform Commission, the State Administration for Market Supervision and the Cyberspace Administration of China urged internet platform companies and the financial institutions controlled and backed by them to strictly implement requirements for capital and leverage ratios.

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