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China has fined Tenpay, an online-payment unit of Tencent Holdings, 2.8 million yuan (US$438,000) for violating overseas change guidelines amid rising regulatory scrutiny of the nation’s fintech trade.The unit obtained warnings final week and was additionally ordered to rectify its failure to submit related supplies and for finishing up overseas change enterprise past the scope of its enterprise registration, based on an announcement printed by the State Administration of International Trade (SAFE)…
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