Global Trade Alert
Global Trade Alert

China: Foreign access to payment services sector made easier

Announcement

19 Mar 2018

March 19th, 2018 - The People's Bank of China announced a change in regulations surrounding foreign investment activities in the payment services sector.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

19 Mar 2018

Revocation date:

No revocation date

Updated: 19 Mar 2018
FDI: Entry and ownership rule In force

In the People's Bank of China (PBOC)'s Announcement 2018/7, it was announced that foreign-invested enterprises (FIEs) would be permitted to participate in the payment services industry in the PRC. ...

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