www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

PBOC in move on payment agencies

By Wang Yanfei and He Wei | China Daily | Updated: 2017-01-14 07:50

PBOC in move on payment agencies

Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, March 30, 2016. [Photo/Agencies]

Third-party paying platforms required to deposit customer funds in banks

China's central bank, or PBOC, said on Friday that it will eventually ban all non-bank payment agencies, including Alipay, from using clients' money. As a first step, it will require all platforms to deposit some 20 percent of clients' funds to appointed bank accounts.

The move is the latest step taken by the central bank to tackle the financial risks caused by a rising number of institutions found illegally embezzling the money.

Starting from April 17, a total of 267 third-party organizations with the central bank's licenses in China, including Alipay, have to submit around 20 percent of provisions to a single account opened in a commercial bank, with the central bank's approval.

Customer provisions refer to the money held by third-party organizations that are not the property of the organization.

The exact amount handed in by each institution will be calculated based upon the daily average balance of the provisions in the previous quarter, and will be adjusted quarterly thereafter.

"The 20 percent level aims to leave time for institutions to adapt to new rules," said Xie Zhong, head of the central bank's payment and settlement department. "The final level will be 100 percent," meaning that the central bank will be the only authority governing provisions.

Xie did not provide a specific timeline for adjusting the level.

The move comes after the central bank decided to establish a clearinghouse for online transactions earlier last year, aiming to trim financial risks by disconnecting the direct clearing business from third-party payment firms and banks.

The clearinghouse, which can be another choice apart from commercial banks to keep custody of provisions, will be launched in March this year, according to Xie.

Li Aijun, a law professor with the China University of Political Science and Law, said the new rules would not bring major impacts to the income level of the companies.

"The new rules would hit small-sized institutions that are more vulnerable to financial risks," she said.

Li said she believes it will not take long for the central bank to increase the level to 100 percent, since risks have emerged quickly in recent years in the ever expanding market.

The third-party online payment market in China attained a total transaction value of 4.65 trillion yuan ($674 billion) in the second quarter of 2016, up 6.5 percent quarter-to-quarter according to the latest data from Analysis International.

A total of 460 billion yuan of customer provisions have been reserved by third-party institutions as of the third quarter of last year, according to the central bank.

By the end of last year, more than 30 third-party institutions were fined due to illegally embezzling provisions, data from the Chinese Academy of Social Sciences showed.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 九九九精品 | 欧美一级v片 | 欧美精品久久一区二区三区 | 亚洲一区二区三区在线 | 性高湖久久久久久久久aaaaa | 亚洲第一区视频在线观看 | 日韩一区二区免费看 | 亚洲天堂网视频 | 欧美色欧美色 | 在线观看国内自拍 | 免费一级毛片免费播放 | 久久九九国产 | 在线视频免费国产成人 | 成人丝袜激情一区二区 | 最近手机中文在线视频 | 国产视频一二三 | 免费人成在线 | 国产黄色在线网站 | 三a大片| 男女免费爽爽爽在线视频 | 精品国产欧美一区二区五十路 | 天空在线观看免费完整 | 亚洲国产欧洲精品路线久久 | 日本亚欧乱色视频在线网站 | 高清国产亚洲va精品 | 日韩欧美一区二区三区久久 | 欧美成人精品高清在线播放 | 成人a免费α片在线视频网站 | 在线成人亚洲 | 韩国日本三级在线观看 | 免费播放国产性色生活片 | 一级毛片不卡片免费观看 | 欧美一级一极性活片免费观看 | 亚洲欧美一区二区三区在线播放 | 欧美日韩一区二区高清视 | 国内精品视频成人一区二区 | 国产三级精品在线观看 | 日韩一区二区三区四区不卡 | 精品一久久 | 久久精品道一区二区三区 | 美国毛片一级视频在线aa |