Chinese can open personal bank payment accounts
28/4/2003 16:33
Starting September 1 this year, Chinese people will be able to open
personal payment accounts at banks, through which they can pay public utility
fees, repay bank loans and make investments, the China Youth Post reported
today.
According to the People's Bank of China, the nation's central
bank, all transactions involving bank payments can be processed through the
personal payment account, including paying utility fees, repaying housing and
car loans, getting credit card advances and making securities
investments.
It is convenient for Chinese people to have such an account,
said a spokesman with the People's Bank of China.
According to the
central bank, people can choose one of their savings accounts as the personal
payment account or open a new payment account at any bank they
like.
Wendy Zhang/ Shanghai Daily news
|
