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Progress in AmEx Access to PRC Mkt; JV's Bank-card Clearing Biz Application Approved by PBoC
American Express (AmEx) cleared a key hurdle in accessing the Chinese market, likely heading towards final approval. The People Bank of China and the CBIRC had approved Liantong...
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Progress in AmEx Access to PRC Mkt; JV's Bank-card Clearing Biz Application Approved by PBoC
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2020/01/09 12:44
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American Express (AmEx) cleared a key hurdle in accessing the Chinese market, likely heading towards final approval.

The People Bank of China and the CBIRC had approved Liantong's application for organizing a bank-card clearing institution, showing progress in US payment service providers' foray into the China market.

Liantong is the joint venture of AmEx in Mainland China.
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