Regulator aims to standardise standards and risk controls in online payments.
The move strengthens Chinese regulators stand on curbing risks.
Agreement between two countries could ease fears in the market after Brexit.
The government’s move aims to prevent shadow-financing risks.
Stronger internal compliance and risk protocols required before year end.
Move to reduce fraud as June’s 1.81% bad-loan ratio marks highest level since 2009.
Minister also proposes domestic financial technology tax; issuance of SDR-denominated bonds confirmed.
Senior CSRC official says channel has been used for speculation.
New rules lower limits for investor borrowing to buy products managed by brokers, asset managers.
Head of statistics says government still has room to expand China’s fiscal deficit.