SHANGHAI Dec 9 China UnionPay has not changed
its policy on overseas withdrawal limits, the country's top bank
card provider's international arm said on Friday, after reports
that it was planning to restrict the amount cardholders could
withdraw in Macau.
Casino stocks had tumbled after a report late on Thursday
that UnionPay cash withdrawal limits would be slashed in Macau,
the world's biggest gambling hub, as part of a Beijing-led
crackdown on illicit outflows.
UnionPay International said in the statement emailed to
Reuters that the daily limit for withdrawals using
mainland-issued cards overseas would remain at 10,000 yuan
($1,449.42), with an annual limit still of 100,000 yuan.
($1 = 6.8993 Chinese yuan)
(Reporting by Adam Jourdan; Editing by John Ruwitch)