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People's Bank of China outlines draft rules to curb monopolistic practices in online payments, saying firms with >50% of the market could face anti-trust probes (Bloomberg)
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Bloomberg:
People’s Bank of China outlines draft rules to curb monopolistic practices in online payments, saying firms with >50% of the market could face anti-trust probes — – Warns payment firms with 50% of market could be a monopoly — PBOC will implement ‘comprehensive’ oversight on payment firms
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