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. Read More >

UCBH Holdings, the holding company of United Commercial Bank, announced the grand opening of United Commercial Bank (China) Limited, headquartered in Shanghai. Read More >

China Merchants Bank and Chinese travel website Mangocity.com have formally launched a joint credit card. Read More >

Chinese third-party electronic payment services provider 99Bill has launched one-stop cross-bank services for credit card bill payment targeting 75 millions credit card holders in China. Read More >

Hang Seng Bank signed an agreement to subscribe for 20% of the enlarged share capital of Yantai City Commercial Bank in China for a total consideration of RMB800 million. Read More >

Western Union customers in Hong Kong can soon apply for small personal loans from PrimeCredit Limited, a wholly owned subsidiary of Standard Chartered Bank PLC, following an agreement signed by the two companies to offer a pilot consumer lending program. Read More >

Shandong Airlines is the latest Chinese carrier to join the UATP network as a new merchant. Read More >

Credit Suisse and Founder Group's securities firm, Founder Securities, intend to apply for the establishment of a joint venture in the near future. Read More >

Deutsche Bank announced that following approval from the China Banking Regulatory Commission on its incorporation in China, Deutsche Bank (China) Company officially commenced operations on January 1, 2008. Read More >

Following its cooperation with China Merchants Bank in August last year, Dell has now launched mobile phone scheduled order service with China Construction Bank. Read More >