China To Enforce New SMS Regulations

Financial payment tools must be clearly distinguished from loan products and other financial services. Financial platforms are also banned from using deceptive installment payment promotions to induce consumer spending. The regulations aim to prevent consumer traps and increase individual choice by separating payment tools from loan products. The implementation is expected to reduce exaggerated or misleading marketing practices in the internet finance sector. New regulations in China will fundamentally change the underlying mechanics of internet finance. The rules aim to prevent consumers from falling into consumption traps by restricting how platforms use payment gateways as traffic drivers for credit business. Under the new rules, platforms will no longer be able to use payment portals as primary channels for rapid credit expansion. Traffic police have addressed trending discussions regarding regulations for vehicles passing through intersections. Traffic police have issued specific guidance regarding intersection navigation, noting that violations include running red lights or failing to proceed when the light is green. Traffic police noted that regulations require following signals, signs, and markings, highlighting issues with running red lights or failing to move on green. New discussions in China focus on 44 regulations regarding motor vehicle passage through intersections using signals, signs, and markings. The new rules explicitly require that no merchant may send commercial text messages without the express consent of the user.