Posts Tagged ‘People’s Bank of China’

China To Issue Licenses To Domestic Online Payment Companies

December 7th, 2009

According to Ouyang Weimin, director of Payment System Department of the People’s Bank of China, [...]


PBOC To Regulate Payment, Settlement Businesses Of Internet Platforms In China

April 21st, 2009

The People’s Bank of China has published a notice that requires all non-financial organizations engaged in payment and settlement businesses in China, including Internet platforms such as Alipay, to fully register under the new guidelines before July 31, 2009.
Though PBOC says the registration results will only be used as references of making relevant policies and [...]


Bank Of China To Fight Illegal Internet Credit Card Activity

December 1st, 2008

The People’s Bank of China and the Ministry of Public Security of China jointly held a press conference on their special action to fight crimes involving bank cards.


Unemployed In Beijing Can Apply For Loans When Opening Online Shops

November 7th, 2008

According to the information from Beijing Labor Service Management Center, the Beijing Municipal Finance Bureau, the Beijing Municipal Labor and Social Security Bureau, and the Business Management Department of People’s Bank of China have jointly announced plans to enlarge the coverage of discount loans applied for by Beijing’s unemployed to assist them in starting their [...]