people’s bank of china

German Banker Says Foreign Investors Lack Trust In Chinese RMB

German Banker Says Foreign Investors Lack Trust In Chinese RMB
German Banker Says Foreign Investors Lack Trust In Chinese RMB
January 18, 2018  |  B2B Payments

A senior German central banker has warned that “discreet policy interventions” in China’s renminbi (Rmb) are not helping the country’s exports. Instead, they are leading...

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China Sets Cap On QSR Payments
China Sets Cap On QSR Payments
December 29, 2017  |  Mobile Payments

The central bank in China is clamping down on mobile payments made via a barcode and scanning devices, a move that could negatively impact Ant...

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Companies Have Too Much Debt, Says China’s Central Bank
Companies Have Too Much Debt, Says China’s Central Bank
October 17, 2017  |  B2B Payments

China’s central bank is raising concerns that corporates in the nation have taken on too much debt, according to news from Bloomberg on Monday (Oct. 16)....

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China’s Internet Finance Association Urges Members Not To Trade Cryptocurrency
China’s Internet Finance Association Urges Members Not To Trade Cryptocurrency
September 14, 2017  |  Bitcoin

The Internet Finance Association of China urged members Wednesday (Sept. 13) to avoid trading virtual currency or providing services that have to do with cryptocurrency...

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China Regulators Eyeing Rules Concerning ICOs
China Regulators Eyeing Rules Concerning ICOs
August 29, 2017  |  Cross-border Payments

Regulators in China are gearing up to issue new rules on digital coin offerings and could move to ban them until the new rules are...

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FinTech Mergers a-Plenty, While in Trump Era, Fewer Fines for Firms
FinTech Mergers a-Plenty, While in Trump Era, Fewer Fines for Firms
August 14, 2017  |  Legal & Regulation

On the regulatory front, last week saw a bit of news about mergers – actually, more than a bit. Get the Full Story Complete the...

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China’s Central Bank Orders New Clearing House For Online Payment Groups
China’s Central Bank Orders New Clearing House For Online Payment Groups
August 10, 2017  |  Cross-border Payments

The People’s Bank of China (PBoC) has ordered all online payment companies to channel mobile payments through a new clearing house by next June, which could...

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Visa Beats 3Q Estimates As Payments Volume Leaps
Visa Beats 3Q Estimates As Payments Volume Leaps
July 21, 2017  |  VISA

Double-digit transaction growth and strength in Europe boosted Visa’s earnings beyond the Street’s expectations, while management also gave the lift to expected revenue growth going forward....

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