Central Banking

PBOC - China Payment System Development Report

Payment services tended to be diversified and increasingly market-oriented in 2007, notes the latest China Payment System Development Report from the People's Bank of China.

The report notes that the supervision, management and risk prevention capability of Chinese payment systems were further enhanced over the course of the year. The report also notes that international communication and cooperation improved. China executed domestic currency settlement agreement with Vietnam, Laos, Burma

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