Headquarters of the Folks’s Financial institution of China (PBOC), the central financial institution, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee
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SHANGHAI, Aug 30 (Reuters) – China’s central financial institution issued draft guidelines on Tuesday to manage associated transactions of monetary holding firms.
Such transactions should conform to rational industrial ideas, be backed by real companies and be priced pretty, the Folks’s Financial institution of China mentioned in an announcement.
As well as, the transactions needs to be clear, in accordance with the draft guidelines.
Reporting by Shanghai newsroom; Enhancing by Kirsten Donovan
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