Tencent Faces Potential Fine For Violating Central Bank Regulations Hong kong—chinese technology giant tencent holdings ltd. 700 1.57% is facing a potential record fine for violations of some central bank regulations by its wechat pay mobile network, as beijing. 14 mar 2022 07:37pm (updated: 14 mar 2022 07:54pm) tencent holdings is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on.
Tencent Faces Potential Fine For Violating Central Bank Regulations March 14 (reuters) tencent holdings ltd 0700.hk is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on its wechat pay. Tencent and china’s central bank, the people’s bank of china (pboc), did not immediately respond to reuters’ request for comment. shares in the chinese technology giant fell around 10% on the report. the pboc uncovered the violations during a routine inspection of wechat pay that concluded in late 2021, according to the journal. On the same day, the central bank announced it will slap a 7.123 billion yuan (roughly $1 billion) fine on ant group, the fintech affiliate of alibaba, for a range of illegal activities, including. Tencent and china’s central bank, the people’s bank of china (pboc), did not immediately respond to reuters’ request for comment. shares in the chinese technology giant fell around 10% on the report. the pboc uncovered the violations during a routine inspection of wechat pay that concluded in late 2021, according to the journal.
Tencent Faces Possible Record Fine For Anti Money Laundering Violations On the same day, the central bank announced it will slap a 7.123 billion yuan (roughly $1 billion) fine on ant group, the fintech affiliate of alibaba, for a range of illegal activities, including. Tencent and china’s central bank, the people’s bank of china (pboc), did not immediately respond to reuters’ request for comment. shares in the chinese technology giant fell around 10% on the report. the pboc uncovered the violations during a routine inspection of wechat pay that concluded in late 2021, according to the journal. 4:05. this article is for subscribers only. tencent holdings ltd. extended losses to close more than 10% lower after the wall street journal reported it faces a record fine for violating chinese. Analysts believe the 7.123 billion yuan (us$984.33 million) fine puts to an end the saga of the regulatory crackdown on the fintech giant, which operates the popular payment app alipay.
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