News; Disclosure of quick money to pay the license application process
Published: Thursday 01 September, 2011
Operators in third-party payment "ninety-one Doomsday" first day of the fast money to pay the company yesterday released an open platform "fast +." CEO Kwan quick money to pay the license application process revealed that "the central bank does not ask us to explain VIE separate case."
Yesterday, Kwan introduced the first central bank to obtain quick money to pay the license process. He said that in the whole pay for the license application process, only the application form in a company survey contains a description of foreign capital, since the central bank does not require companies to explain the existence of a separate VIE (protocol control) situation.
Prior to the transfer of turmoil in the equity Alipay, Alibaba Group CEO Jack Ma (microblogging) to be questioned, "contrary to the principle of good faith" after he said the statement issued by the central bank asked to pay treasure, no outside investors through stock ownership, agreements or other arrangements have the company's actual control. Ma said, "the central bank today also ask you, you in the end there is no protocol control structure?"
Kwan said, "other payment companies, which I do not know, we do not (by the central bank to do this requirement). Some companies may have their own situation right."