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China will ‘strictly’ regulate platform companies’ investments in financial institutions and local financial organizations, according to a sweeping guideline issued by nine government bodies including the National Development and Reform Commission (NDRC), the State Administration of Market Regulation and the Ministry of Industry and Information Technology (MIIT) on Wednesday.
The guideline regulate various aspects of online platform businesses, including their investments in financial institutions, big data-enabled price discrimination against customers and monopolistic behaviors . . .
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