Group 1 - The People's Bank of China (PBOC) announced the renewal of payment business licenses for 13 non-bank payment institutions, marking the first renewal since the implementation of the Non-Bank Payment Institution Supervision and Management Regulations [1] - The renewed licenses are valid for a long term, which reflects the regulatory body's commitment to providing stability and reducing cyclical renewal pressures for the industry [1] - This renewal is expected to support long-term operations and strategic planning for the institutions involved [1] Group 2 - Four institutions were not granted renewal or had their applications rejected, indicating a trend of industry consolidation and competitive pressure [2] - The reasons for non-renewal include strategic adjustments, compliance issues, and increased market competition, leading to a natural selection process within the industry [2] - Specific institutions like Renmin Insurance Payment and UBS Pay chose to exit the market due to strategic shifts or accumulated compliance pressures [2]
央行公布13家支付机构牌照长期有效，4家未获续展
Cai Jing Wang·2025-07-05 06:15