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A source close to the China Securities Regulatory Commission (CSRC) has disclosed that Chinese third-party payment processors Alipay, Tenpay, and 99Bill have all been granted CSRC approval to provide third-party payment for the purchase of shares in investment funds and settling of accounts, and will receive their licenses to do so this week. Read More
Hangzhou-based C2C & B2C e-commerce site Taobao plans to begin operating an online securities marketplace, according to an industry source, which has long been in development. Read More