China's central bank to raise reserve funds ratio of third-party payment firms to 50 percent

China’s central bank said it will gradually raise the reserve funds ratio of third-party payment firms to 50 percent by April 2018 from a current rate of 20 percent, as it continues to ramp up regulation of the industry. The bank will increase the rate by 10 percentage points a month from Febru...

from FF News: Breaking News