ChinaRetailNews.com

Chinese Internet Behemoth Plans Retail Banks

Oct 26th, 2010 | By ChinaRetailNews.com Editor | Category: Banking & Payment

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.

Tags: Alibaba, Alibaba Group, Alibaba.com, B2B, bank, Bank of China, CBRC, CDH Investments, China Banking Regulatory Commission, China Merchants Bank, CMB, credit card, e-commerce, finance, Internet bank, Internet payment, investment, Jack Ma, Japan, online bank, online banking, online payment, online shopping, PBOC, People's Bank of China, Softbank, Zhejiang, Zhong Jiwei
Posted in Banking & Payment | No Comments »

China Merchants Bank Plans For More Growth

Mar 3rd, 2009 | By ChinaRetailNews.com Editor | Category: Banking & Payment

Offshore software development company VanceInfo Technologies Inc. will deploy an outsourced development center for China Merchants Bank.

Tags: audit, China Merchants Bank, CMB, credit, development, finance, ODC, VanceInfo
Posted in Banking & Payment | 3 comments

Chinese Bank Opens In New York: First Since 1991

Oct 14th, 2008 | By ChinaRetailNews.com Editor | Category: Banking & Payment

China Merchants Bank has opened a branch at 535 Madison Avenue, New York, N.Y. — the first branch opened by a Chinese banking institution since the adoption of Foreign Bank Supervision Enhancement Act of 1991.

Tags: American economy, China Merchants Bank, CIMC, CMB, commercial credit, COSCO, dollar clearing, financial crisis, Foreign Bank Supervision Enhancement Act, Madison Avenue, N.Y., New York, trade finance, trade services
Posted in Banking & Payment | No Comments »

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