PBOC Considers More Online Payment Licenses, Official Says
(Beijing) – The People's Bank of China is mulling issuing more licenses to Internet companies to handle online payments, a central bank official says.
PBOC deputy governor Liu Shiyu also said greater attention should be paid to risks related to financial services offered on the Net.
The central bank was considering issuing a third batch of licenses for handling online payments because the e-commerce sector was growing so fast, Liu said at an Internet industry conference on August 13. The value of online transactions hit 6 trillion yuan last year, he said, adding that while the value of individual transactions was low, the number jumped from 2011.
- Lianghui Roundup: March 6
- Gov't Plans Budget Deficit of 1.62 Tln Yuan, Finance Ministry Says
- Why Gov't May Be Shifting Stance on Family Planning
- Taking Aim
- That's a Wrap
- NPC to Get Proposals for Clearing up Way Laws Are Enacted
- Speculation on CDIC Article about Corrupt Prince 'Ridiculous'
- Liem Sioe Liong's Salim Group: The Business Pillar of Suharto's Indonesia
- Paint by Numbers: China's Art Factory from Mao to Now
- Gov't Making Little Progress Cutting Links with 'Social Groups,' Report Says
- Sign up to receive our free daily newsletter
- China's Factories Are Building a Robot Nation
- Can Market Mechanisms Clear China's Bad Air?
- HR Head of Alcatel-Shanghai Bell 'Found Dead in Shanghai River'
- Minsheng Tries Weathering a Maelstrom
- Three Private Shipping Companies Run into Financial Troubles
- Closer Look: Local Officials Have Little Love for National Hukou Reform
- Media Watch: Former Star Reporter Causes Stir with Smog Documentary
- State Patronage Divides Confucian Intellectuals
- Tourism Tensions Have HK Mulling Limits on Visitor Numbers
- Taiwan Gov't Tells Alibaba to Withdraw an Investment from Island