IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jun 2015 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 9 April 2015, the State Council issued the Notice No. 22 of 2015, the Decision on the Implementation of Market Access Administration on Bank Card Clearing Institutions.
 
Starting from 1 June 2015, the international bank card clearing service providers such as Visa or Mastercard may enter the Chinese market by following the current regulations on foreign investment. This decision may end the long term monopoly from the local bank card clearing company "UnionPay".
 
 

AFFECTED COUNTRIES

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