The online payment

The online payment industry in China will become more regulated, with thecentral bank ordering third-party payment institutions to connect to a newly established unified platform by June 30 in 2018.

The unified platform refers to an online payment clearing platform for non-banking payment institutions.

At present, online payments made via third-party payment tools such as Alipay and WeChat Pay are completed directly between such providers and banks, bypassing the clearing system of the People's Bank of China.

This situation has caused some risks for the industry.

The PBC can't supervise illegal activities such as money laundering and illicit money transfers that are conducted through online payments via the third-party payment tools.

The platform will enable the PBOC to better supervise capital flows via the third-party payment companies, which will help the industry over the long term, Huang Yue, an analyst from internet service consultancy iResearch.

Transactions involving third-party online payments rose 56.1% in the first quarter of 2017 year-on-year to 6.4 trillion yuan, according to a report iResearch released in July.

Huagong Innovation Technology Co.,Ltd.HGIT is a professional provider of polyurethane automatic equipment and sealing system solutions.The company is located in the beautiful coastal city -Dalian. E-mail:, TEL: +86-411-39525022 FAX: +86-411-39525009 Website:http:// foaming machineCNC PU Seal Pouring MachineFoam sealing gasket machineFoam sealing strip machine (FIPFG)Knurling machineBridge cut-off machineAluminum thermal barrier potting systemTwo-color laminating machine for AluminumPU Sealing gasket MachineAutomatic spreading machineDispensing machineStrip feeding foaming machine

CNC Machining

our main products is diecasting. Let me introdece Die Casting boat reverse gear box for motorcycle

Ruican is a professional manufacture for Aluminum Die Casting for Auto Parts, die casting 120 degree corner bracket. Ruican is committed to manufacturing and supplying precision castings and forgings and other machined parts for a wide range of industries including automobile, rail, construction equipment, material handling equipment, agricultural machinery and so on. We supply end-products to top-end markets for global customer's well-diversified requirements.Throughout the world and in a diverse range of industry sectors we deliver value by working closely with our customers to provide custom engineered components that cater to their specific industry and applications.Ruican team of experts utilize their decades of experience to create, design and produce advanced technology solutions for a broad variety of industries. We proudly serve a range of industries including mainly automobile, rail, construction equipment, material handling equipment, agricultural machinery and other industries like mining machinery, shipbuilding, petroleum machinery, construction, pump and valves, electric machine, hardware, power equipment.

precision-cnc-machining

CNC Machining,Computer Numerical Control,CNC Machining Services,CNC Milling and Turning

NINGBO CITY YINZHOU RUICAN MACHINERY CO.,LTD , https://www.china-sandcasting.com