Starting from last week, several Chinese commercial lenders including Minsheng Bank, Guangfa Bank, Ping An, Shanghai Pudong Development Bank, and China Merchants Bank have started to launch on the market American Express cards that can be now used to settle bills in Chinese renminbi both inside and outside of China in a change from previous rules that allowed offshore card transactions to be settled only in foreign currencies.

By giving the possibility to foreign companies to operate in Chinese currency inside and outside the country, China's ultimate goal is to integrate its domestic payment services, still largely dominated by local players such as Union Pay, Alibaba's Alipay, and Tencent's WeChat Pay, with the world's financial system and to promote a global yuan clearing and settlement system that could eventually support trade and investment transactions between China and the rest of the world.

• If you listen carefully you will find Chinese is a very beautiful language as it has more musical sounds (vowels) than noise (consonants). Except for nasal sound like “n” and “m”, all Chinese syllables ends with vowels. So we call them “Final Sounds”. The consonants at the beginning of a syllable are called “Initial Sounds”.
• China’s yuan has strengthened more than 1 per cent so far this week, reaching 6.4604 to the US dollar on Wednesday. Photo: Reuters The rapid appreciation in the yuan's exchange rate has resulted.
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The PBOC's decision on American Express is not expected to be an exception, but the beginning of a real opening-up process since the other two major global bank card corporations are on the way to get on board with Mastercard that has already received approval for bank card clearing operations in the Chinese mainland and with Visa that has submitted an application and is currently waiting for approval.

I met the yuan people on ibc last month. Having similar problems with a 4 times hdmi capture card, not the 2 hdmi and sdi cards (yet). I have now thrown out the 4.hdmi yuan card and replaced them with bm cards.

In this sense, the Chinese regulator's decision is strategically important because it sends a clear signal to the market that, even though ever-growing tensions characterize the relationships with the U.S., China is unwilling to adopt any retaliation against the business of American companies.

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On the contrary, it aims to further elevate the global relevance of its huge financial market by providing more access to foreign firms that could eventually increase the sophistication and expertise of the Chinese market while promoting the internationalization of the yuan overseas.

The decision to allow American Express to clear transactions in yuan both inside and outside of China, together with the cooperation between the U.S. company and leading Chinese mobile wallet providers, is going to be very welcome from the one hand by Chinese tourists going abroad for being able to make payments in their own currency using familiar payment ecosystems normally used at home and on the other hand by foreign tourists visiting China that could rely on a digital wallet for their daily transactions in China avoiding the complexities of changing cash at arrival and departure.

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Yuan Sound Cards & Media Devices Drivers

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