Regulation of industry rules continues

Efforts to promote a level playing field supported business development last year, the People's Bank of China said in a report on the country's financial standardization.

A series of national and industry standards in key areas such as mobile financing, business statistics and electronic information disclosure, to prevent financial risks and improve user experience, had been introduced, Tuesday's report said.

The PBOC also promoted the development of authentication and payment services of non-financial institutions and launched the testing of mobile financing.

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