PBOC to increase bank card business

China's central bank and other related government agencies have developed guidelines and measures to accelerate the development of the burgeoning bank card industry.

The People's Bank of China (PBOC) said Monday it and another eight government agencies have jointly issued a circular that aims to strengthen the competitiveness of the local bank card industry and minimize risk, largely by stepping up pertinent legislation, enhancing government support and upgrading technology.

The PBOC said cons

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