Date
17 October 2017

PBoC mulls fees for interbank services, paper says

The People’s Bank of China (PBoC) is consulting with banks on a proposal to charge fees for various online interbank services, such as real-time fund transfers and account enquiries, the China National Radio reported Sunday. Sources close to the central bank said it is necessary to levy fees on participating banks for such services, which have been imposing additional pressure on the system. However, there are growing worries that banks would pass on such fees to consumers, the report said.

– Contact HKEJ at [email protected]

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