Bank Of China Expands Currency Products
The Singapore Exchange and Bank of China have signed a memorandum of understanding to cooperate in growing China's financial markets.
Bank of China
New Chinese Payment Licenses Open Internet Retail To More Companies
The People's Bank of China has published a report saying that it has issued licenses for non-financial institutions to operate payment businesses to 27 companies, including Alipay.com.
Chinese Internet Behemoth Plans Retail Banks
Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking Regulatory Commission.
China Banking Association Releases Latest CSR Report
The China Banking Association has published its 2009 corporate social responsibility report while celebrating its 10th anniversary in Beijing.
Taobao.com And BOC Launch Co-branded Credit Card
Chinese Internet shopping website Taobao.com has announced that it has cooperated with its sister company Alipay.com and Bank of China in the launch of a co-branded credit card.
BEA Becomes First Foreign Bank To Launch Card Program in China
TSYS today announced that China UnionPay Data Services Company, TSYS' joint venture with China UnionPay, has signed a long-term credit card processing agreement with the Bank of East Asia.
China's Yangtze River Delta Region To Set Up Credit System
Shanghai, Jiangsu and Zhejiang have signed a memorandum of understanding with the People's Bank of China on together building a credit system for the Yangtze River Delta.