Prominent players in the payment industry have voiced their support and commitment in response to China's recently introduced supervision and administration of non-bank payment institutions, underscoring the pivotal role these rules are expected to play in shaping the industry's future.
Mastercard has won long-awaited approval to expand its offerings in China’s huge payments market, days after the country’s leader personally sought to improve business ties between Beijing and Washington.
China s financial market opening-up continues apace-- Beijing Review bjreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bjreview.com Daily Mail and Mail on Sunday newspapers.
This aerial panoramic photo taken on Jan. 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in east China s Shanghai.The PBOC said China will continue to improve its business environment and better facilitate foreign financial institutions that expand their businesses in the country.