CHINA BELIEVED TO HAVE BIGGEST DEVELOPMENT POTENTIALS FOR BANK CARDS

AsiaInfo Services, July, 2003

AsiaInfo Services 07-17-2003 China Believed to Have Biggest Development Potentials for Bank Cards BEIJING, Jul 17, 2003 (SinoCast via COMTEX) -- Recently, VISA International announced that it had completed a survey on China's four major cities, Beijing, Shanghai, Guangzhou and Shenzhen in respect of bank cards.

VISA International accordingly contends that China is the country with the biggest development potentials for bank cards in the world now. Besides, China's State Administration of Foreign Exchange has published the Notice on Relevant Issues about the Management of Foreign Currency Bank Cards, believed to be a policy support to the development and promotion of bank cards. According to Xiong Anping, general manager of VISA International China Region, the...

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