Free Trial

US financial company American Express...>

CHINA PRESS
CHINA PRESS: US financial company American Express received a bank card clearing
license for its 50% Chinese joint venture on Saturday, according to a statement
by China's Banking and Insurance Regulatory Committee. American Express, which
is the first foreign player in the China cards market, plans to start the new
business this year, China Securities Journal reported citing the company.
MasterCard has also filed applications to the banking regulator for business
approvals. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.