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WeChat Payment fully open to overseas purchase

WeChat Payment fully open to overseas purchase

2015-11-20 19:15

Tencent announced Friday it will completely open the mobile payment service offered on its social messaging app WeChat to overseas transactions.

Chinas five private banks see assets top RMB50 bln

China's five private banks see assets top RMB50 bln

2015-11-20 19:11

China's first batch of five private banks approved by the regulators last year.

CCB pension management subsidiary to open Nov. 20

CCB pension management subsidiary to open Nov. 20

2015-11-19 20:16

A pension management company established by China Construction Bank (CCB; 00939.HK; 601939.SH) will open on November 20.

China busts 8-bln-dollar case of underground banking

China busts 8-bln-dollar case of underground banking

2015-11-19 19:14

Police in south China's Shenzhen city said Thursday that they had busted 10 "underground banks" that illegally transacted 51.6 billion yuan.

China Exim Bank grants credit line of RMB500 bln to China Railway Corp

China Exim Bank grants credit line of RMB500 bln to China Railway Corp

2015-11-19 18:01

The Export-Import Bank of China (China Exim Bank) signed a strategic cooperation agreement with China Railway Corporation on Thursday.

Chinas trust industry sees first assets contraction in five years

China's trust industry sees first assets contraction in five years

2015-11-19 17:06

Chinese trust industry's assets totaled 5.61 trillion yuan by the end of the third quarter, down 260 billion yuan from the previous quarter.

First consumer finance company in Anhui approved by banking authority

First consumer finance company in Anhui approved by banking authority

2015-11-19 16:08

Huarong Consumer Finance company, has received approval from the Anhui office of China Banking Regulatory Commission (CBRC).

BOCOM floats RMB5.022 bln credit card asset-backed securities

BOCOM floats RMB5.022 bln credit card asset-backed securities

2015-11-19 15:25

BOCOM has floated its first batch of credit card asset-backed securities.

BOC, UnionPay International issue 1st US-themed travel credit card

BOC, UnionPay International issue 1st US-themed travel credit card

2015-11-18 21:08

Bank of China (BOC), in partnership with UnionPay International, issued its first US-themed travel credit card.

Chinas outstanding syndicated loans up 10% yoy to RMB5.52 trln by Q3, CBA

China's outstanding syndicated loans up 10% yoy to RMB5.52 trln by Q3, CBA

2015-11-18 19:22

Outstanding syndicated loans in China had increased nearly 10 percent year on year to 5.52 trillion yuan by the end of the third quarter.

Over 80pct of Chinas PE products achieve profits in Oct.

Over 80pct of China's PE products achieve profits in Oct.

2015-11-18 17:02

The performance of China's private equity (PE) funds remained stable by the end of October.

Inclusive growth needs inclusive cooperation, says Chinese banker

Inclusive growth needs inclusive cooperation, says Chinese banker

2015-11-17 21:18

A Chinese banker pointed out that inclusive growth needed inclusive cooperation which would lead to inclusive fruition.

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