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BerichtGeplaatst: 25-04-2018 02:43:18    Onderwerp: puma creepers cuir noir , Reageren met citaat

China is pressing foreign payment card companies to form local joint ventures (JVs) for onshore operations Cheap Puma Slippers , said three people familiar with the matter, a move that would counter a pledge on market access the Chinese government made to US President Donald Trump.


The push to get foreign card issuers to enter into equity tie-ups with Chinese companies, instead of running fully owned units, comes ahead of Trump's visit to China this week, and could further delay access to China's rapidly growing market for foreign card companies like MasterCard and Visa.


The Trump administration has been a fierce critic of what it sees as China's mercantilist policies. In September Cheap Puma Fenty , US Trade Representative Robert Lighthizer criticized China for forcing companies into JVs.


Foreign card companies have been lobbying for more than a decade for direct access to China, which is set to become the world's No.1 bank card market by 2020, according to GlobalData, a research company.


In 2012, the World Trade Organization ruled that China was discriminating against foreign card companies.


In May Cheap Puma Sneakers , China and the US agreed on a deadline for China to issue guidelines for the launch of local operations by US payment network operators, leading to "full and prompt market access."


Some of the foreign card issuers, who were looking to set up their wholly owned operations in China, have "informally" been told by the authorities to enter into equity JVs with local companies, said the three people Cheap Puma Shoes , who have been briefed on the discussions with the central bank.


It was not immediately clear whether the foreign firms would be allowed to own majority stakes in the JVs, the people said. In most other financial services businesses, foreign companies are only allowed to own minority holdings.


"While this is in line with how they treat foreign investments in other financial services, expectations were building up for wholly owned operations because foreign firms can never be a big competitor to UnionPay," said one of the people.


The person was referring to the near monopoly of the State-backed China UnionPay Co in the domestic bank card market.


Visa Puma Slippers Sale , the world's largest payments network operator, was the first to submit its application for a license in July, after the People's Bank of China the central bank, issued the guidelines on June 30.


Visa's application, however Puma Fenty Sale , has been put on hold, and the company has been asked informally to firm up its local equity partnership before resubmitting the application, said two people familiar with the matter.


All the people who spoke to Reuters declined to be named due to the sensitivity of the issue. A spokesman for American Express said the company had submitted an application for a payment clearing and settlement license in China.


(Agnecies)


BEIJING, Nov. 12 (Xinhua) -- Chinese President Xi Jinping's whirlwind visit to neighboring Vietnam and Singapore last week has drawn worldwide attention. While his meeting with Taiwan leader Ma Ying-jeou made headlines, the three-day tour achieved many other remarkable results.


It was Xi's first visit to the two key ASEAN countries since he became China's top leader and his second Southeast Asia visit in two years. The outcomes are significant not only for China's relations with the two nations Puma Sneakers Sale , but also for regional stability and prosperity.


SOUTH CHINA SEA


The visit came amid instability in the South China Sea, with Vietnam engaged in dispute with China on maritime issues.


In Hanoi, Xi reiterated China's stance on the disputes, urging the two sides to properly manage and control differences.


Both countries agreed to launch a joint survey of the waters outside the mouth of the Beibu Gulf in December, marking the start of further maritime cooperation between them.


In Singapore Puma Shoes Sale , Xi stressed that the freedom of navigation and overflight in the South China Sea neither has been nor will be hindered.


"Peace and stability are both the starting points and the objectives of China's South China Sea policy," Xi said, noting China is "fully capable of and confident" in working with ASEAN members to maintain peace and stability in the region.


China hopes Singapore, which took the rotating seat as coordinator for China-ASEAN relations in August, will be dedicated to safeguarding peace and stability in the South China Sea.


"It showed again that China sticks to the 'dual-track' policy Puma Slippers Mens ," said Su, referring to a policy under which disputes should be addressed by parties directly concerned through friendly consultation and negotiation, while overall peace and stability in the region should be safeguarded by China and ASEAN members together.


Related:


Spotlight: Xi's visits to Vietnam, Singapore construct new consensus on bilateral, regional cooperation


BEIJING Puma Fenty Mens , Nov. 8 (Xinhua) -- Chinese President Xi Jinping's just concluded state visits to Vietnam and Singapore from Thursday to Saturday have constructed new consensus on bilateral and regional cooperation between China and Southeast Asian nations and promoted understanding about China's domestic and foreign policies in the region, Chinese Foreign Minister Wang Yi said.


Xi's state visits came as this year marks the 65th anniversary of the establishment of China-Vietnam diplomatic relations as well as the 25th anniversary of the establishment of China-Singapore diplomatic ties.?Full story


Commentary: Xi's Vietnam, Singapore visit builds new diplomatic furniture in Southeast Asian countries


BEIJING, Nov. 8 (Xinhua) -- Chinese President Xi Jinping's just concluded state visit to Vietnam and Singapore has contributed to further promoting China's friendship with the two countries and building new diplomatic furniture in Southeast Asian countries.Full story


Commentary: China's neighborhood diplomacy charts blueprint for a prosperous Asia


BEIJI.
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