China Legal Blog
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China orders Alipay and WeChat Pay to disclose IPOs and new products
Aggregated Source: ChinaLegalBlog.com

China’s central bank started to implement a new disclosure measure on Wednesday, requiring nonbank payment apps, including Ant Group’s Alipay and Tencent’s WeChat Pay, to disclose major business matters before and after the fact. These matters include filing for overseas IPOs, capital increases, launching new products and services, and partnering with non-Chinese companies to provide international payment services.…

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