国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

UnionPay forex controls tightened

(China Daily) Updated: 2015-10-03 06:35

UnionPay forex controls tightened

Logos of China UnionPay are seen on bank cards in this file photo illustration taken in Beijing Dec 5, 2013. [Photo/Agencies]

New rules to be introduced to limit amount that can be withdrawn overseas via cards

China will tighten management of cross-border cash withdrawals by UnionPay bank card holders to prevent money laundering. Cardholders are advised not to withdraw large amounts of cash overseas, said the country's foreign exchange regulator, the State Administration of Foreign Exchange, at a news briefing.

In addition to the current daily restriction of 10,000 yuan ($1,573), each UnionPay card will have an annual withdrawal limit of 100,000 yuan or its equivalent in other currencies starting Jan 1, SAFE said. From Oct 1 to the end of the year, each card may be used to withdraw no more than 50,000 yuan.

Anyone who violates the restrictions will be added to a watch list and banned from withdrawing cash overseas. Holders of Chinese-issued Visa and MasterCards will also be subject to daily and annual limits on overseas withdrawals.

Since 2008, SAFE has rolled out policies to encourage cross-border use of bank cards, including UnionPay cards.

However, based on recent monitoring results, some overseas UnionPay cardholders have frequently withdrawn abnormally large amounts of cash, which foreign financial regulatory authorities have warned against, the spokesperson said.

UnionPay cardholders are advised to swipe cards to pay their bills, SAFE said, adding that the cards are now accepted in more than 150 countries and regions, especially in shopping malls, hotels, tourist attractions, supermarkets and restaurants.

The number of Chinese traveling overseas is expected to surge during the week-long National Day holiday.

Chinese tourists spent large amounts overseas during the May Day holiday from May 1 to May 3, with the number of UnionPay transactions overseas jumping 73 percent year-on-year. The seven-day Spring Festival holiday from Feb 18 to Feb 24 saw the number of overseas UnionPay transactions rise by nearly 50 percent year-on-year, official data showed.

China has been the world's largest outbound tourist market since 2012, according to the World Tourism Organization.

The number of Chinese who traveled overseas last year rose by 19.5 percent year-on-year to 109 million, according to official data.

 

Hot Topics

Editor's Picks
...
云林县| 香格里拉县| 延川县| 小金县| 龙岩市| 峨山| 佛山市| 河东区| 广水市| 宁河县| 武冈市| 南郑县| 海林市| 铜梁县| 基隆市| 南陵县| 常德市| 武威市| 鸡东县| 南澳县| 黎平县| 新晃| 鸡东县| 鄢陵县| 龙陵县| 青铜峡市| 库伦旗| 肇东市| 金溪县| 增城市| 九龙坡区| 庄浪县| 大埔区| 佛教| 隆尧县| 安平县| 高平市| 石家庄市| 富锦市| 孙吴县| 右玉县|