trending Market Intelligence /marketintelligence/en/news-insights/trending/l1f3Zh0h2FVD8RVp-m-Vfg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

American Express gets Chinese central bank nod for card clearing operations

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks


American Express gets Chinese central bank nod for card clearing operations

The People's Bank of China formally approved American Express Co. and Chinese partner LianLian Group's application to start bank card clearing operations in the country, Sina reported Jan. 8.

The move was announced by the central bank on social media the same day. American Express was granted preliminary approval in November 2018.

The central bank's approval allows American Express to set up its own payments network with Chinese joint venture partner LianLian, as well as process and settle payments in yuan locally.

Express (Hangzhou) Technology Services Co., the joint venture between American Express and LianLian Group, will begin operations in the first half in Hangzhou city, the news outlet reported, citing sources. The joint venture was set up in 2017 with a registered capital of 1 billion yuan.

As of Jan. 8, US$1 was equivalent to 6.95 Chinese yuan.