Saturday, January 16, 2021
Tags American Express China

Tag: American Express China

American Express Becomes First Foreign Payments Network to Grab Approval to Operate in China

American Express's joint-venture in China has just grabbed approval from the Chinese central bank to engage in bank card clearing operations.

PBOC Says It’s Processing American Express Application for Bank Card Clearing Entity

The Chinese central bank has indicated that it has started to review an application from an American Express subsidiary to do business...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.