Tags - payment firms to 50 percent

China's central bank to raise reserve funds ratio of third-party payment firms to 50 percent

TEHRAN, December 30 -China’s central bank said it will gradually raise the reserve funds ratio of third-party payment firms to 50 percent by April 2018 from a current rate of 20 percent, as it continues to ramp up regulation of the industry.

News ID: 17320 Publish Date : 2017/12/30

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China's central bank to raise reserve funds ratio of third-party payment firms to 50 percent

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