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

By | December 30, 2017
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.

The bank will increase the rate by 10 percentage points a month from Febru…

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