The Payment System in China
University of Western Sydney - Faculty of Law
Ling Ling He
School of Law, University of Southern Queensland
August 19, 2009
Journal of International Banking Law and Regulation, Vol. 23, No. 3, pp. 168-174, 2008
Reflects on the development of payment systems in the Chinese banking sector. Outlines the role of the People's Bank of China, the functions of the National Electronic Interbank System, local clearing houses and the intra-bank payment systems of commercial banks, and their benefits and drawbacks. Discusses the growth of the credit card system, the main features of China's National Advanced Payment System (CNAPS), the factors contributing to the success of the payment system and how it might be improved in the future.
Number of Pages in PDF File: 11
Keywords: China, Clearing systems, Credit cardsAccepted Paper Series
Date posted: August 19, 2009
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