Updated 11:29 AM EDT, Tue, Jun 16, 2020

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china central bank

No Licenses to new Non-bank Payment Agencies.

China’s Central Bank to Stop Issuing Licenses to new Non-Bank Payment Agencies

China's central bank said on Friday that it would stop issuing licenses to new non-bank payment agencies as regulators seek to efficiently regulate the fast-expanding non-banking payment industry.

China Economy

Economists Expect China to Cut Rates in 2015

According to a majority of economists responding to a quarterly poll by Nikkei Inc. and NQN, China's central bank will likely lower interest rates once or twice in 2015.

yuan for the money

China to Wait For Q4 Data Before Cutting Rates Again

The People's Bank of China, which unexpectedly cut rates last week, says it will wait until economic data for the fourth quarter is released before deciding on whether to cut rates further.

China mobile phones

China has seen a triple digit rise in payments by mobile phones, according to an e-commerce report.

The 2014 China Internet Financial Development Report said Chinese mobile phone payments jumped 707 percent year on year in 2013.

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