Saturday, October 24, 2020
Tags American Express

Tag: American Express

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...

American Express on Track to Become First US Card Network to Crack Chinese Market

American Express is set to become the first US card network to garner approval for direct access to China's bank card market. On Friday the...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...