People's Bank of China, Guidelines for Access Services for Bank Card Settlement Institutions
中国人民银行银行卡清算机构准入服务指南
September 16, 2017 | BY
Susan Mok &clp articles &No limits on the number of credit card companies in China.
Issued: June 30 2017
Effective: as of date of issuance
Main contents: The Guidelines specify that there is no limitation on the number of bank card settlement institutions to be established (Article 6).
A banking financial institution wishing to apply to establish by promotion or invest in a bank card settlement institution shall secure the approval of the China Banking Regulatory Commission in accordance with the law (Article 7.1.7).
Related legislation: Measures for the Administration of Bank Card Settlement Institutions
clp reference:3610/17.06.30 issued:2017-06-30 effective:2017-06-30Issued: June 30 2017
Effective: as of date of issuance
Main contents: The Guidelines specify that there is no limitation on the number of bank card settlement institutions to be established (Article 6).
A banking financial institution wishing to apply to establish by promotion or invest in a bank card settlement institution shall secure the approval of the China Banking Regulatory Commission in accordance with the law (Article 7.1.7).
Related legislation: Measures for the Administration of Bank Card Settlement Institutions
clp reference:3610/17.06.30 issued:2017-06-30 effective:2017-06-30This premium content is reserved for
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