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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China puts world's biggest electronics wholesale market under Covid-19 lockdownChina's southern technology hub of Shenzhen has shut down Huaqiangbei district, home to the world's largest electronics wholesale market, as local authorities strengthened measures to contain a fresh Covid-19 outbreak, causing fresh disruptions to local supply chains. Merchants in the district woke up on Monday (Aug 29) to the notice saying that the area will be closed through Thursday. All...
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