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	<title>ChinaRetailNews.com &#187; People's Bank of China</title>
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		<title>New Chinese Payment Licenses Open Internet Retail To More Companies</title>
		<link>http://www.chinaretailnews.com/2011/05/31/4325-new-chinese-payment-licenses-open-internet-retail-to-more-companies/</link>
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		<pubDate>Mon, 30 May 2011 20:01:42 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
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		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=4325</guid>
		<description><![CDATA[The People's Bank of China has published a report saying that it has issued licenses for non-financial institutions to operate payment businesses to 27 companies, including Alipay.com. So far, 32 companies have applied for the third-party payment license. According to the Administrative Measures for the Payment Services Provided by Non-financial Institutions launched by the People's [...]]]></description>
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		<title>Chinese Internet Behemoth Plans Retail Banks</title>
		<link>http://www.chinaretailnews.com/2010/10/26/3878-chinese-internet-behemoth-plans-retail-banks/</link>
		<comments>http://www.chinaretailnews.com/2010/10/26/3878-chinese-internet-behemoth-plans-retail-banks/#comments</comments>
		<pubDate>Mon, 25 Oct 2010 21:25:36 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
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		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=3878</guid>
		<description><![CDATA[Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking Regulatory Commission. The new subsidiary is reportedly jointly invested by Alibaba Group, the people's government of Zhejiang, Softbank, and CDH Investments. Jack [...]]]></description>
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		<title>China&#039;s Central Bank To License Online Payment Platforms</title>
		<link>http://www.chinaretailnews.com/2009/12/11/3204-chinas-central-bank-to-license-online-payment-platforms/</link>
		<comments>http://www.chinaretailnews.com/2009/12/11/3204-chinas-central-bank-to-license-online-payment-platforms/#comments</comments>
		<pubDate>Thu, 10 Dec 2009 19:31:45 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[E-payment]]></category>
		<category><![CDATA[finance]]></category>
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		<category><![CDATA[license]]></category>
		<category><![CDATA[online payment]]></category>
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		<category><![CDATA[State Council]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=3204</guid>
		<description><![CDATA[According to Ouyang Weimin, the director of the Payment System Department of the People's Bank of China, PBOC plans to issue licenses to Chinese online third-party payment platforms to bring more competition and a higher level of security into this sector of the industry. Ouyang told local media that in the non-cash economic age, it [...]]]></description>
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