Complex sentence: The Chinese government stipulates interest rates for Chinese bank accounts, by providing alternative investments these P2P companies provide a domestic alternative that the PBOC has tacitly accepted and is expected to rule on in the near future.
Split into simpler sentences: The Chinese government stipulates interest rates for Chinese bank accounts. By providing alternative investments, these P2P companies provide a domestic alternative the PBOC has tacitly accepted and is expected to rule on in the near future.