Home | Register | Login | Help | Forum | Log out
Agencies & Partnership
Company Directory
Our Global Network
About Us
Focus News Industry research Exhibition Regulation & Law Executive Talks
Search:
 
Home > Resources > News > Politics > China
China tests check image system in six provinces and cities
POSTED: 10:06 a.m. EDT, December 19,2006

The People's Bank of China (PBOC) began experimenting the National Check Image Exchange System (CIS) on Monday in six provinces and cities.

Instead of transferring a bank check itself, the CIS transmits an image of the check, transferring information to the bank where the check is deposited.

The six testing provinces or cities are Beijing, Tianjin and Shanghai municipalities, North China's Hebei Province, South China's Guangdong Province and Shenzhen city.

The central bank plans to expand the use of CIS in China over the next six months. By June 2007, the system will be able to handle checks across the nation.

Su Ning, Deputy Governor of the PBOC, said the new system is a big step in modernizing China's payment system.

It will play an active role in economic development and advance the use of checks around the country.

According to statistics, 1.8 billion checks worth about 350 trillion yuan (44.87 trillion US dollars) were issued in China last year.

From:
Print | Save
RELATED
China banks on reform (2006-12-17 12:34:00)
China Nov trade surplus hits $22.9 bln (2006-12-11 14:09:00)
American Proposes Chicago-Beijing Route (2006-12-11 11:48:00)
U.S. urges faster China economic reforms (2006-12-9 12:04:00)
China's Central Economic Work Conference closes, mapping plans for 2007 (2006-12-8 9:27:00)
Largest Christmas Tree in Beijing (2006-12-5 9:43:00)
High-Speed Rail to Link Beijing, Tianjin Before Games (2006-11-27 9:40:00)
Beijing to expand conference and exhibition holding capacity: plan (2006-11-11 18:44:00)
Beijing's economic growth rate outstrips rise in energy consumption (2006-11-9 11:07:00)
Liberian president arrives in Beijing for China-Africa Summit (2006-10-31 9:08:00)
Home - Shipping - Airfreight - Integration - Members - Resources - My Jctrans - Links
About Us - Help - Contact Us - Site Map
嶄猟利
Privacy Policy - Terms of Use
Copyright Notice 2000-2007 Jctrans.com Corporation and its licensors. All rights reserved.