Sun Tianqi Central Bank: Cross-border Internet Brokers Are Illegal Financial Services

On October 28, Sun Tianqi, special member of the Financial Institutions 40 Conference (CF40) and chairman of the Financial Institutions Bureau of the People's Company of China, said foreign companies have provided limited financial services to China. A home business that is open to the outside world or only has a foreign license is a financial crime. It is the same in China, a financial company cannot operate nationwide if it has a license to work in a particular field, a national financial license can only be issued by the central financial institution. (Ten of gold)