China's SAMR says they are to guide platforms to lower commissions merchants pay
Newsquawk Staff ·
China's SAMR says they are to guide platforms to lower commissions merchants pay.
What it means
China's State Administration for Market Regulation (SAMR) is stepping in to direct platforms to reduce the commissions charged to merchants. This move is important as it signals a push towards lowering business costs, potentially enhancing market competition and consumer prices, but it may also imply tighter regulatory oversight on e-commerce platforms going forward.
- Japan is considering classifying energy and AI spending as defence expenditure amid pressure from the Trump administration to increase military budgets, according to Nikkei
- China is to accelerate the development of new roles within the AI space, Xinhua reports
- Japanese Prime Minister Takaichi told reporters that she would instruct the Minister of Economy, Trade and Industry to consider subsidies for gasoline and other fuel, JiJi reports
- China's Politburo held a meeting today and says it is to maintain high-pressure posture against corruption and will continue to deepen reform efforts and conscientiously implement reform tasks, according to Xinhua
- Japan's Finance Minister Katayama says believe Japanese financial institutions handled PHP issue relatively smoothly and expect them to continue to take necessary action
Related headlines
- China's National People Congress to meet on November 2-6th in Beijing1 day ago
- Japan is reportedly considering a broad definition of security spending to inflate defense outlays, according to reports1 day ago
- Japan's Rengo union reportedly seeks 6% wage increase for 2027; maintains a minimum wage hike benchmark of 5% or more in 2027 policy1 day ago
- Japanese Finance Minister Katayama says they are to accelerate virtuous cycle of investment, wage gain.2 days ago
- China's Finance Minister says APEC members support private sector funding, promoting innovation financing and encouraging development banks to play a catalytic role2 days ago
- Dalian Commodity Exchange says hog futures have seen large price swings; urges members to strengthen investor education and risk controls; says investors must participate rationally and in compliance3 days ago
- Japanese PM Takaichi says she does not expect to seek a mandate after the two-year tax cut3 days ago
- South Korean Finance Minister and Central Bank Governor held a meeting with the Fed and US Treasury Department 7 days ago
- China is reportedly moving to lift the stock market with selling curbs and buybacks, Bloomberg reports7 days ago
- Japan MoF official says G7 and G20 meetings did not specifically debate recent stock market moves, always monitoring market moves carefully but will not comment on each stock, forex or bond market moveOct 15
- China's Finance Minister Lan says China to implement more active fiscal policy Oct 15
- Japanese Economy Minister Kiuchi says proactive fiscal policy does not mean lax fiscal discipline Oct 15
- Chinese Premier Li says regarding New Yalu River Bridge, which connects China and North Korea, says opening of the bridge will strongly promote economic and trade cooperation and further strengthen personnel exchangesOct 15
- South Korea plans to relocate about 10,000 government posts to Sejong City before next yearOct 13
- Some banks are said to stop quoting interbank USD/INR forwards after the RBI widened scope of forex risk reserve, according to tradersOct 13