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Restaurants may soon face fines for causing food waste

Restaurants may soon face fines for causing food waste Pub Date:2020-12-23 10:11 Source:China Daily Catering service providers may face a fine if they encourage or mislead consumers into ordering excessive quantities of food which causes waste, and refuse to rectify the problem after being warned by market supervision departments, according to a draft law. The fine ranges from 1,000 yuan ($153) to 10,000 yuan in line with the draft law on preventing food waste, which has been submitted to the ongoing bimonthly session of the Standing Committee of the National People s Congress, China s top legislature, for its first review on Tuesday.

Fintech firms drop online deposit products--China Economic Net

China s top financial technology platforms have removed online deposit products following scrutiny from regulators concerned about risk issues. Ant Group s Alipay, Du Xiaoman Financial, JD and Tencent Wealth Management have all stopped the sale of banks online deposit products via their apps. Ant Group, whose Alipay app provides a gateway to a torrent of financial products, on Friday removed the online deposit products of several banks. The move was quickly followed by JD Digits, the financial arm of e-commerce group JD, and wealth management firm Lufax backed by Ping An Insurance Group Co, which took down its interest-bearing time deposit products over the weekend.

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