SUBSCRIBERS
No tough rules for foreign bank card firms: PBOC
Published Tue, Nov 10, 2015 · 09:50 PM
Beijing
CHINA will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country's US$7 trillion card payment market, a senior central bank official said on Tuesday.
Industry sources told Reuters in October that they were concerned the Chinese government would limit the number of licences issued to foreign card providers and force them to operate through joint ventures with local partners.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Segantii allegations roil a go-to block trader for global banks
Jefferies asks judge to remove managers of Weiss Multi-Strategy
JPMorgan sees gain of about US$8 billion from Visa exchange offer
BlackRock cuts jobs in muni business under new leadership
ANZ announces A$2 billion buyback despite lower cash earnings
Grayscale Bitcoin Trust sees first inflows since US ETFs were approved