Foreign nonbanking payment plays to enjoy national treatment

China's new rules for the nonbanking payments sector make it clear that foreign-invested payment institutions are eligible for national treatment amid enhanced regulatory oversight, a move that has boosted foreign players' confidence, officials and experts said.

December 29, 2023

China to create better payment environment for foreigners

China will continue to work on accepting foreign bank cards, mobile payments, cash use and account services to create a more convenient payment environment for foreign visitors, said a central bank official on Thursday.

December 29, 2023