Regulator to streamline crowd funding in China2014-06-16
China Securities Regulatory Commission(CSRC)is mulling plans to regulate crowd funding, an online financing vehicle, to ward off risks, according to China Business News Monday, a move that will put the brakes on the booming Internet finance industry.
China steps up crackdown on illegal fundraising2014-04-22
China strengthened efforts to prevent and crack down on illegal fundraising creeping into sectors such as peer-to-peer lending and crowdfunding, Liu Zhangjun, an official at the China Banking Regulatory Commission, said.
Nation to crack down on illegal P2P lending2014-04-22
China will crack down on illegal fundraising activities involving wealth management products offered by peer-to-peer (P2P) lending websites, according to a press conference held by China's banking regulator on Monday.
Third-party payment sector rules issued2014-04-18
China's banking regulator and the central bank have jointly released a new set of rules on cooperation between commercial banks and third-party payment companies, media said Thursday.
PBC calls for moderate supervision2014-03-25
There should be a moderate level of supervision of Internet finance, but excessive intervention is unadvisable, the People's Bank of China (PBC), the country's central bank, said Monday in response to recent debate about regulation of the nation's bourgeoning Internet finance sector.
PBOC highlights virtual payment risks2014-03-24
Security concerns forced China's central bank to suspend payments via code scanning and virtual credit cards, a People's Bank of China(PBOC)senior official told Xinhua on Monday.
PBOC to regulate, not kill, online finance2014-03-22
The People's Bank of China, the central bank, is exploring possible Internet financing regulation with executives of some Internet finance companies and people in relevant fields this week.
PBC considers new rules2014-03-16
China's central bank has issued two drafts for stringent new regulations for non-bank online payment providers, in a push to toughen restrictions on the nation's burgeoning Internet finance sector, according to media reports over the weekend.
PBOC suspends use of virtual credit cards2014-03-15
China's central bank hit the brakes on burgeoning virtual credit card services and barcode-basedmobile payments, as competition for the country's Internet finance services becomes cutthroat.