China has yet to grant any payment licences to foreign investors, despite its promise last year to open up the market. Photo: AP

China’s controls on payment and settlement sector key to curbing risk, central bank official says

Pinning hopes on financial firms prioritising social responsibility ‘unrealistic’, People’s Bank of China’s Fan Shuangwen tells forum

Topic |   China economy

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China has yet to grant any payment licences to foreign investors, despite its promise last year to open up the market. Photo: AP
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