Monday, March 14, 2022

Sources: Tencent is facing a record fine after Chinese regulators found WeChat Pay flouted anti-money-laundering rules and had other regulatory lapses (Jing Yang/Wall Street Journal)

Jing Yang / Wall Street Journal:
Sources: Tencent is facing a record fine after Chinese regulators found WeChat Pay flouted anti-money-laundering rules and had other regulatory lapses  —  China's central bank found regulatory breaches and lapses during a recent inspection of the ubiquitous payments network



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EU finance ministers agreed to set a €3 customs duty on low-value parcels from July 2026, aiming to crack down on cheap Chinese imports from brands like Shein (Reuters)

Reuters : EU finance ministers agreed to set a €3 customs duty on low-value parcels from July 2026, aiming to crack down on cheap Chinese...