BEIJING, January 20 (TMTPOST)— Non-bank financial institutions shall not do businesses that do not specify on their certifications for payment operation, or any operations involved with credit extension, according to “Regulation on Non-Bank Payment Providers (Draft for Soliciting Public Comment)” released by the People’s Bank of China (PBoC) on Wednesday. The new regulation authorizes the central bank to propose to enforcement agencies under the State Council to adopt antitrust measures, such as those to stop abusing dominant market position, to break up non-bank payment providers based on business types. Underlining clients' payment reserves are not payment providers’ own assets, the regulation asks providers to deposit such reserves at the central bank or qualified commercial banks, and formulate the explicit prudential self-supervision measures to completely safeguard users’ rights and interests.