Jessie Xie

Jessie Xie

Hogan Lovells

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PBOC opens the door for foreign payment institutions

On March 21, 2018, the Chinese central bank and regulator of payment services operators (“PSOs“), the People’s Bank of China (the “PBOC“) circulated PBOC Announcement No.7 of 2018 (the “Announcement“) lifting the de facto but...more

4/13/2018  /  Banking Sector , China , Cross-Border Transactions , Electronic Payment Transactions , Financial Transactions , Foreign Banks , Payment Services Directive , People's Bank of China

PBOC opens the door for foreign payment institutions

On March 21, 2018, the Chinese central bank and regulator of payment services operators ("PSOs"), the People's Bank of China (the "PBOC") circulated PBOC Announcement No.7 of 2018 (the "Announcement") lifting the de facto but...more

3/23/2018  /  Banking Sector , Cross-Border Transactions , Financial Institutions , Payment Systems , PBOC
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