China’s c.bank requires non-bank payment firms to report overseas IPOs, BFSI News, ET BFSI
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BEIJING, – China’s central bank issued rules on Friday about non-bank payment firms’ reporting of major events, including a requirement to report plans for overseas initial public offerings.
Non-bank payment firms should report both domestic and overseas listing plans, according to a statement from the People’s Bank of China (PBOC). (Reporting by Cheng Leng, Stella Qiu and Ryan Woo Editing by David Goodman )
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