Home Business China International Culture��Edu Sci��Tech Sports Life Travel P hotos ��Search China Observer �� Should foreigners be allowed to join China's civil service? �� Environmental protection at a crucial moment �� Why are Chinese disinclined to show wealth? Photos �� Global notebook computer sales exceeded 48 million in 2004 �� Color light and ice light show in Daxing'an Range �� Clay rooster figure ��Home>>Business RMB Cards to Fully Open by 2006 www.chinanews.cn 2005-02-12 11:56:16 On January 10, China UnionPay (CUP) officially launched the operation of the CUP RMB cards in South Korea, Thailand and Singapore. RMB bankcards, issued by national banks and bearing the CUP logo, will be valid at Automated Teller Machines (ATM) and Points of Sale (POS) with the CUP logo in these countries. This is considered the first time that CUP cards were truly launched abroad. Prior to this, CUP RMB cards officially started operations in Hong Kong and Macau on January 18, 2004 and September 8, 2004 respectively. China's central bank has announced the business of RMB bank cards will be fully opened to the outside world by 2006. China's central bank has announced the business of RMB bank cards will be fully opened to the outside world by 2006. The People's Bank of China says it will draft the relevant regulations to prepare for the establishment of an international operating network of RMB cards. At present, RMB cards can be used in Singapore, South Korea, Thailand and China's Hong Kong and Macao regions. ��G7 meeting expected to find it hard to force RMB appreciation (2005-02-01) ��Soros opposed excessive pressure on RMB (2005-02-01) ��Chinese minister to attend G7 to discuss the RMB (2005-01-28) ��Wrong timing for adjusting the RMB (2005-01-27) ��RMB Appreciation to create its own bubble? (2005-01-20) ��CUP RMB cards were launched overseas (2005-01-11) E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax: 8610-68327649 Copyright� 2004 Chinanews.com. All rights reserved. Reproduction in whole or in part without permission is prohibited. Disclaimer: viewpoints in the website do not represent China News Service Learn Chinese, Chinese Mandarin