At that conference, a series of work priorities were identified, which greatly promoted the development of the bankcard industry. The priorities include setting up a uniform business and technical standard, accelerating the development of national bankcard network, promoting a uniform CUP brand, and reforming bankcard management system. Today, the national bankcard work conference is held again jointly by the PBC and other ministries.
Households and firms should not pull down the shutters, and banks should continue to lend on sound business propositions. References Baker, D and Rosnick, D (2008) The impact of the housing crash on family wealth, July, Center for Economic and Policy Research. Downloaded at www.cepr.net Nield, I (2008) “Evolution of the Reserve Bank’s liquidity facilities”, Reserve Bank Bulletin, 71(4), pp. 5-17.