Foreign access to China's card clearing market next August: report

HONG KONG (Reuters) - Chinese regulators will allow foreign firms access to the yuan-denominated credit card clearing business from August next year, Hong Kong's South China Morning Post newspaper reported on Saturday. The paper quoted a source from China's largest credit card supplier, Goldpac Group, saying People's Bank of China (PBOC) officials had informed them of the date in September. "When the central bank gives a date, they always follow through with that," the source, an unidentified department head, was quoted as saying. ...



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