PBOC Holds Meetings in Sichuan and Shaanxi to Advance Payment Service Optimization

Published: November 4, 2026

Sources & Verification

Primary Source

People's Bank of China (PBOC) — Official document ↗

CPG Analysis

AI-assisted summary of the official source linked above, pending human review.

Verification

AI-assisted summary · generated Nov 4, 2026 · pending human review

This summary was generated by AI from the linked official source. It has not been reviewed line-by-line by a human editor.

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⚠ This is a policy signal, not a confirmed rule.

No immediate compliance change has been identified. Monitor for official implementation documents.

⚡ Impact at a Glance

Who is affected

Banking, payments and clearing, tourism and hospitality, retail, transport

Cities / Agencies

Chengdu and Xi'an; Sichuan and Shaanxi provinces · People's Bank of China (PBOC)

What to do now

Monitor only — no action required

Source & verification

PBOC · AI-assisted summary · generated Nov 4, 2026 · pending human review

What to watch next

PBOC: formal notices and assessment criteria on payment service optimization; PBOC Sichuan and Shaanxi branches: local implementation work plans; SAFE: foreign currency exchange and inbound payment rules; PBOC: bank card acceptance and cash acceptance requirements for merchants

Executive Summary

The People's Bank of China convened meetings in Chengdu and Xi'an on June 13-14, 2024, to push forward optimization of payment services in Sichuan and Shaanxi. The meetings frame payment facilitation — bank card acceptance, cash payment, mobile payment and account services — as a priority for elderly users and overseas visitors, and call for demonstration zones at airports, scenic spots and high-speed rail stations. No new binding rules were issued; the purpose was to coordinate local governments, regulators and financial institutions and to set expectations for sustained follow-up work.

Key Points

PBOC Deputy Governor Zhang Qingsong chaired meetings in Chengdu and Xi'an with provincial vice governors Zuo Yongxiang (Sichuan) and Li Jun (Shaanxi) to press for faster payment service upgrades.

The focus is on four work areas: bank card acceptance, cash payment, mobile payment, and account services, with emphasis on age-friendly services and services in international scenarios.

Local authorities were praised for building payment service demonstration zones around airports, scenic spots, and high-speed rail stations, and for seeking a sustainable model balancing social benefit and commercial return.

PBOC provincial branches in Sichuan and Shaanxi are instructed to coordinate with culture and tourism, commerce, and transport departments and to encourage financial institutions to tailor measures to local conditions and weak links.

The meetings call for a long-term working mechanism among regulators, local governments, banks, non-bank payment institutions, and clearing institutions to improve convenience for elderly people and inbound overseas visitors.

Attendees included officials from PBOC departments, the State Administration of Foreign Exchange, Chengdu and Xi'an municipal governments, commercial banks, non-bank payment institutions, and clearing institutions.

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