Economic news

China issues draft rules to regulate financial holding companies’ related transactions

2022.08.30 11:41

China issues draft rules to regulate financial holding companies' related transactions
FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee

SHANGHAI (Reuters) – China’s central bank issued draft rules on Tuesday to regulate related transactions of financial holding companies.

Such transactions must conform to rational commercial principles, be backed by genuine businesses and be priced fairly, the People’s Bank of China said in a statement.

In addition, the transactions should be transparent, according to the draft rules.

Source

Related Articles

Leave a Reply

Back to top button