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China issues draft rules to regulate financial holding co*panies’ related transactions

China issues draft rules to regulate financial holding co*panies’ related transactions

[html]SHANGHAI (Reuters) – China’s central bank issued draft rules on Tuesday to regulate related transactions of financial holding co*panies. Such transactions must conform to rational...
                              

SHANGHAI (Reuters) –     China’s central bank issued draft rules on Tuesday to regulate related transactions of financial holding co*panies.


Such transactions must conform to rational co*mercial principles, be backed by genuine businesses and be priced fairly, the People’s Bank of China said in a statement.


In addition, the transactions should be transparent, according to the draft rules.



(Reporting by Shanghai newsroom; Editing by Kirsten Donovan)


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