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Tencent's WeChat Pay to support American Express credit card
China's tech giant Tencent announced on Tuesday that its WeChat Pay will support American Express RMB credit cards, coming soon.
China greenlights American Express JV for bank card clearing operations
PBOC has approved an application by American Express' Chinese joint venture to conduct bank card clearing operations in the country.
China's trust industry reports higher revenue growth in Q1
The revenue of China's trust industry maintained rapid growth while its scale continued to fall during the first quarter of the year.
China's non-cash payments shrink in Q1
The amount of non-cash payments by banks in China went down 5.2 percent year on year in the first quarter (Q1) of the year.
China's PICC sees rising premium income
The People's Insurance Company Group of China (PICC) reported premium income of 280.72 billion yuan in the first five months of the year.
Tianjin leads China in aircraft, ship leasing
Aircraft and ship leasing has become a booming industry in north China's Tianjin Municipality, local authorities said.
China to step up financial support for new infrastructure, major projects
The commission will act proactively to help manufacturing, aviation, cultural and tourism industries ease debt pressure, it said.
China state bank to provide more financing for Beijing-Tianjin-Hebei region
China Development Bank will provide 550 billion yuan in financing to support the coordinated development of Beijing, Tianjin and Hebei.
China's financial institutions register rising total assets in Q1
The total assets of Chinese financial institutions stood at 332.94 trillion yuan by the end of the first quarter (Q1), up 9.8 percent year on year.
China's new yuan loans at around 1.5 trln yuan in May: analysts
As banks accelerated credit supplies, new yuan loans may reach around 1.5 trillion yuan (about 211.6 billion U.S. dollars) for last month.
Wechat Pay ramps up digital support for small businesses
Wechat Pay has stepped up digital support to help small businesses increase revenue amid the COVID-19 epidemic.
China's banking, insurance regulator vows efforts to help SMEs
To help micro, small and medium-sized enterprises (SMEs) overcome coronavirus-related challenges.
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