BEIJING, Jan. 13 (Xinhua) -- China's central bank has ordered third-party payment platforms to put part of their customer provisions in specific official accounts to reduce financial risks.
From April 17, non-bank payment institutions such as Alibaba's Alipay should put some of their customers' stock fund into specific accounts in designated institutions with no interest paid, according to a statement released by the People's Bank of China.
Customer provisions are money that clients pay in advance to payment platforms for certain services and are often used by these platforms for their own profit.

Payment institutions should put 12 percent to 24 percent of total customer provisions into the designated accounts in line with their services. This will not cause liquidity problems, according to the statement.
The new order aims to defuse financial risks as customer provisions may be earmarked by payment companies for high-risk and illegal practices, the statement said.
A total of 267 payment institutions had customer provisions totalling over 460 billion yuan (66.7 billion U.S. dollars) by the end of September, randomly deposited across many accounts generating liquidity squeeze risks.
国际英语资讯:Palestinian, Russian presidents meet on Israeli-Palestinian situation
体坛英语资讯:Lucenec up to second after double OT in Slovak Basketball League
国内英语资讯:China, U.S. should strengthen strategic communication: ambassador
国内英语资讯:Spring Festival gala poised for live broadcast
体坛英语资讯:Indonesia aims to defend leading place in medal tally at 2020 ASEAN Para Games
国内英语资讯:China donates 144,000 USD to help Philippine communities affected by volcano eruption
体坛英语资讯:Kim Bong-gil unveiled as new Shaanxi Changan coach
体坛英语资讯:Chinese womens team beat Chinese Taipei 1-0 in EAFF E-1 Football Cship
国际英语资讯:Trump to host Israels Netanyahu at White House next week
国内英语资讯:China tightens preventive measures to curb novel coronavirus
国内英语资讯:China reports 1,975 confirmed cases of new coronavirus pneumonia, 56 deaths
体坛英语资讯:Analysis: Is Leipzig on its way to win the German title?
国内英语资讯:1.87 mln daily entry, exit trips predicted for Spring Festival holiday
国内英语资讯:Xinhua Headlines: Quiet and busy -- Lunar New Years Eve in Wuhan, center of coronavirus fi
国内英语资讯:Across China: Folk artist makes dough figurines to celebrate Year of the Rat
国内英语资讯:China to extend Spring Festival holiday to contain coronavirus outbreak
春节家里摆什么,这5种植物旺财又旺运
多数男性认为自己留胡子更帅 女性却不这么看
国内英语资讯:China tightens measures to curb cross-border spread of new coronavirus
体坛英语资讯:Chinas head coach says his team technically inferior to Japans counterpart
国内英语资讯:China allocates 11.21 bln yuan for epidemic prevention
体坛英语资讯:Braga appointed Vasco boss
体坛英语资讯:Golds for US and Japan as Snowboard Big Air debuts at Worlds first permanent jump
体坛英语资讯:Rwandas youth to benefit from China sporting ties, says official
美国出现新的生活方式,每个月都换城市生活
国内英语资讯:Chinese vice premier requires winning battle against novel coronavirus
国内英语资讯:China launches national service system to support novel coronavirus research
用脚掌亲吻大地
国内英语资讯:Chinese state councilor meets Thai FM
十二生肖中为何老鼠排第一?
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |