The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.
January 26, 2022The proposed rules prohibit Internet platforms from facilitating unfair competition on the Internet or disrupting free market competition.
August 20, 2021The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
July 21, 2021The rules prohibit platform operators from abusing their market dominant positions through behaviour designed to reduce or restrict competition.
February 10, 2021Microfinance businesses must have a registered capital of at least CNY 1 billion. Those operating across provincial borders must have at least CNY 5 billion.
November 3, 2020