China: Investigation into Didi Payment Technology's financial practices
Progress
Current status
adopted
15 Jul 2022 adopted
Scope
Implementers
China
Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Didi Payment Technology Fine issued
On 15 July 2022, the People's Bank of China announced that it had issued a fine of RMB 4.27 million against Didi Payment Technology, the digital payment branch of the Chinese ride-hailing company. The People's Bank listed a number of reasons for imp…
Event type
order
Action type
adoption
Government branch
executive
Government body
central bank