Economic news
China issues draft rules to regulate financial holding companies’ related transactions
2022.08.30 11:41
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.
