Chinese School - RMB Cards to Fully Open by 2006

Home Business China International Culture��Edu Sci��Tech Sports Life Travel P
hotos

��Search

  China Observer

�� Should foreigners be allowed to join China's civil service?

�� Environmental protection at a crucial moment

�� Why are Chinese disinclined to show wealth?

  Photos

�� Global notebook computer sales exceeded 48 million in 2004

�� Color light and ice light show in Daxing'an Range

�� Clay rooster figure

��Home>>Business

RMB Cards to Fully Open by 2006

www.chinanews.cn 2005-02-12 11:56:16

On January 10, China UnionPay (CUP) officially launched the operation of
the CUP RMB cards in South Korea, Thailand and Singapore. RMB bankcards,
issued by national banks and bearing the CUP logo, will be valid at
Automated Teller Machines (ATM) and Points of Sale (POS) with the CUP
logo in these countries. This is considered the first time that CUP cards
were truly launched abroad. Prior to this, CUP RMB cards officially
started operations in Hong Kong and Macau on January 18, 2004 and
September 8, 2004 respectively.

China's central bank has announced the business of RMB bank cards will be
fully opened to the outside world by 2006. China's central bank has
announced the business of RMB bank cards will be fully opened to the
outside world by 2006.
The People's Bank of China says it will draft the relevant regulations to
prepare for the establishment of an international operating network of
RMB cards.
At present, RMB cards can be used in Singapore, South Korea, Thailand and
China's Hong Kong and Macao regions.

          ��G7 meeting expected to find it hard to force RMB appreciation
(2005-02-01)
          ��Soros opposed excessive pressure on RMB (2005-02-01)
          ��Chinese minister to attend G7 to discuss the RMB (2005-01-28)
          ��Wrong timing for adjusting the RMB (2005-01-27)
          ��RMB Appreciation to create its own bubble? (2005-01-20)
          ��CUP RMB cards were launched overseas (2005-01-11)

E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax:
8610-68327649

Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service

Learn Chinese, Learning Chinese, Learning Materials, Mandarin audio lessons, Chinese writing lessons, Chinese vocabulary lists, About chinese characters, News in Chinese, Go to China, Travel to China, Study in China, Teach in China, Dictionaries, Learn Chinese Painting, Your name in Chinese, Chinese calligraphy, Chinese songs, Chinese proverbs, Chinese poetry, Chinese tattoo, Beijing 2008 Olympics, Mandarin Phrasebook, Chinese editor, Pinyin editor, China Travel, Travel to Beijing, Travel to Tibet