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China issues draft rules to regulate financial holding companies' related transactions

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SHANGHAI : China's central bank issued draft rules on Tuesday to regulate related transactions of financial holding companies.Such transactions must conform to rational commercial principles, be backed by genuine businesses and be priced fairly, the People's Bank of China said in a statement. In ad

SHANGHAI : China's central bank issued draft rules on Tuesday to regulate related transactions of financial holding companies. Such transactions must conform to rational commercial principles, be backed by genuine businesses and be priced fairly, the People's Bank of China said in a statement.

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