HALISTER1: China Should Improve Legal System for Internet Finance: News

China Should Improve Legal System for Internet Finance: News

(Bloomberg) -- China lacks legislation related to Internet finance and that leaves room for illegal fundraising and money laundering, PBOC finance research institute head Yao Yudong writes in Financial News.
  • China should soon introduce rules for P2P lending and regulate sales of Internet finance products: Yao
Link to the report: http://tinyurl.com/znzl7ue
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Yao Yudong (People's Bank Of China)

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