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	<title>ChinaRetailNews.com &#187; finance</title>
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	<link>http://www.chinaretailnews.com</link>
	<description>Business Intelligence on Retailing, Franchising, and Consumerism in China</description>
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		<title>Chinese Online Shopping Platform Loses Cooperation With PayPal</title>
		<link>http://www.chinaretailnews.com/2011/06/13/5013-chinese-online-shopping-platform-loses-cooperation-with-paypal/</link>
		<comments>http://www.chinaretailnews.com/2011/06/13/5013-chinese-online-shopping-platform-loses-cooperation-with-paypal/#comments</comments>
		<pubDate>Sun, 12 Jun 2011 20:07:11 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[Alibaba]]></category>
		<category><![CDATA[AliExpress]]></category>
		<category><![CDATA[Alipay]]></category>
		<category><![CDATA[B2B]]></category>
		<category><![CDATA[Dhgate.com]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[eBay]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[internet]]></category>
		<category><![CDATA[Internet payment]]></category>
		<category><![CDATA[Internet shopping]]></category>
		<category><![CDATA[online payment]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[PayPal]]></category>
		<category><![CDATA[sourcing]]></category>
		<category><![CDATA[website]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=5013</guid>
		<description><![CDATA[Consumers and companies buying products from retailers via AliExpress in China are soon to lose an important Internet payment channel. PayPal, the third-party Internet payment platform of eBay, has announced that it will terminate its cooperation with AliExpress, the worldwide site of the Chinese B2B e-commerce group Alibaba, from August 3, 2011. PayPal said on [...]]]></description>
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		<title>New Chinese Payment Licenses Open Internet Retail To More Companies</title>
		<link>http://www.chinaretailnews.com/2011/05/31/4325-new-chinese-payment-licenses-open-internet-retail-to-more-companies/</link>
		<comments>http://www.chinaretailnews.com/2011/05/31/4325-new-chinese-payment-licenses-open-internet-retail-to-more-companies/#comments</comments>
		<pubDate>Mon, 30 May 2011 20:01:42 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Electronics]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[99Bill]]></category>
		<category><![CDATA[Alibaba]]></category>
		<category><![CDATA[Alipay]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[Bank of China]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[internet]]></category>
		<category><![CDATA[Internet payment]]></category>
		<category><![CDATA[Internet shopping]]></category>
		<category><![CDATA[Ministry of Finance]]></category>
		<category><![CDATA[online payment]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[People's Bank of China]]></category>
		<category><![CDATA[Tenpay]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=4325</guid>
		<description><![CDATA[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. So far, 32 companies have applied for the third-party payment license. According to the Administrative Measures for the Payment Services Provided by Non-financial Institutions launched by the People's [...]]]></description>
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		<title>Hong Kong&#039;s Sogo Department Stores Ink New Payments Deal</title>
		<link>http://www.chinaretailnews.com/2011/03/28/4230-hong-kongs-sogo-department-stores-ink-new-payments-deal/</link>
		<comments>http://www.chinaretailnews.com/2011/03/28/4230-hong-kongs-sogo-department-stores-ink-new-payments-deal/#comments</comments>
		<pubDate>Sun, 27 Mar 2011 21:02:30 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[Department Stores]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Hong Kong]]></category>
		<category><![CDATA[payment]]></category>
		<category><![CDATA[Sino Payments]]></category>
		<category><![CDATA[Sogo]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=4230</guid>
		<description><![CDATA[Sino Payments Inc. has received a five-year service agreement to provide electronic funds processing for Sogo Department Stores in Hong Kong. The service order was received from venture partner TAP Group through the company's subsidiary Tap e-Payment Services (HK) Limited. Sino Payments states that even with a 50% rise in year on year merchant locations [...]]]></description>
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		<title>Tesco Invests In Chinese Shopping Centers</title>
		<link>http://www.chinaretailnews.com/2011/03/15/4212-tesco-invests-in-chinese-shopping-centers/</link>
		<comments>http://www.chinaretailnews.com/2011/03/15/4212-tesco-invests-in-chinese-shopping-centers/#comments</comments>
		<pubDate>Mon, 14 Mar 2011 22:25:13 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Supermarkets]]></category>
		<category><![CDATA[Anshan]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Fushun]]></category>
		<category><![CDATA[Fuzhou]]></category>
		<category><![CDATA[ICBC]]></category>
		<category><![CDATA[Industrial and Commercial Bank of China]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Qinhuangdao]]></category>
		<category><![CDATA[Shenyang]]></category>
		<category><![CDATA[Standard Chartered Bank]]></category>
		<category><![CDATA[Tesco]]></category>
		<category><![CDATA[Xiamen]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=4212</guid>
		<description><![CDATA[The British retail giant Tesco PLC has announced plans to establish a joint venture with a financial group to develop shopping centers in China. Tesco says that this financial group is mainly composed of Asian investors such as Metro Holdings. Tesco and the financial group each invests approximately GBP30 million and equally share the equity [...]]]></description>
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		<title>Credit Card Agreement Expanded In China</title>
		<link>http://www.chinaretailnews.com/2011/01/03/4136-credit-card-agreement-expanded-in-china/</link>
		<comments>http://www.chinaretailnews.com/2011/01/03/4136-credit-card-agreement-expanded-in-china/#comments</comments>
		<pubDate>Mon, 03 Jan 2011 10:19:40 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[American Express]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[China UnionPay]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[CUP]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Internet payment]]></category>
		<category><![CDATA[online payment]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=4136</guid>
		<description><![CDATA[China UnionPay and American Express announced that they have signed a memorandum of understanding that calls for both companies to explore the expansion of their current cooperative activities. For the past several years, China UnionPay and American Express have reportedly cooperated within China where American Express Cards run on the China UnionPay network. This new [...]]]></description>
		<wfw:commentRss>http://www.chinaretailnews.com/2011/01/03/4136-credit-card-agreement-expanded-in-china/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bank Aims To Provide Services In China&#039;s Rural Areas</title>
		<link>http://www.chinaretailnews.com/2010/12/24/4089-bank-aims-to-provide-services-in-chinas-rural-areas/</link>
		<comments>http://www.chinaretailnews.com/2010/12/24/4089-bank-aims-to-provide-services-in-chinas-rural-areas/#comments</comments>
		<pubDate>Thu, 23 Dec 2010 23:51:44 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[agriculture]]></category>
		<category><![CDATA[Alibaba]]></category>
		<category><![CDATA[B2B]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Internet marketing]]></category>
		<category><![CDATA[Internet payment]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[online marketing]]></category>
		<category><![CDATA[online payment]]></category>
		<category><![CDATA[rural]]></category>
		<category><![CDATA[Shanghai]]></category>
		<category><![CDATA[Shanghai Rural Commercial Bank]]></category>
		<category><![CDATA[SME]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=4089</guid>
		<description><![CDATA[China's B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China. The services will cover many sectors, including credit financial services, joint-branded credit card, electronic payments, Internet marketing, and fund settlement. [...]]]></description>
		<wfw:commentRss>http://www.chinaretailnews.com/2010/12/24/4089-bank-aims-to-provide-services-in-chinas-rural-areas/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>Foreign Payment Processor Launches China UnionPay Card Acquiring Service</title>
		<link>http://www.chinaretailnews.com/2010/12/13/4048-foreign-payment-processor-launches-china-unionpay-card-acquiring-service/</link>
		<comments>http://www.chinaretailnews.com/2010/12/13/4048-foreign-payment-processor-launches-china-unionpay-card-acquiring-service/#comments</comments>
		<pubDate>Sun, 12 Dec 2010 19:53:59 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[American Express]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[China UnionPay]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Global Payments]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[Internet banking]]></category>
		<category><![CDATA[JCB]]></category>
		<category><![CDATA[MasterCard]]></category>
		<category><![CDATA[online banking]]></category>
		<category><![CDATA[Visa]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=4048</guid>
		<description><![CDATA[Global Payments Asia-Pacific Limited has become the first foreign payment card processor to launch China UnionPay card acquiring service in China. Global Payments Asia-Pacific Limited, a joint venture between the U.S.-based Global Payments and The Hongkong and Shanghai Banking Corporation Limited, states that the new service will be offered to merchants in partnership with HSBC. [...]]]></description>
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		<title>American Bank Makes Donation To Chinese Cause</title>
		<link>http://www.chinaretailnews.com/2010/11/08/3947-american-bank-makes-donation-to-chinese-cause/</link>
		<comments>http://www.chinaretailnews.com/2010/11/08/3947-american-bank-makes-donation-to-chinese-cause/#comments</comments>
		<pubDate>Sun, 07 Nov 2010 23:37:27 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Bank of America Merrill Lynch]]></category>
		<category><![CDATA[charity]]></category>
		<category><![CDATA[China Construction Bank]]></category>
		<category><![CDATA[donation]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[forest]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[Sichuan]]></category>
		<category><![CDATA[The Nature Conservancy]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=3947</guid>
		<description><![CDATA[More than four years after it shuttered its Chinese retail banking operations, Bank of America's charity arm is now funding a conservation program in China. The Bank of America Charitable Foundation and The Nature Conservancy announced a partnership with the Chinese government and local communities to launch a pilot project for a new approach to [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Citi Now Provides Clients Expedited Payment Services Into China</title>
		<link>http://www.chinaretailnews.com/2010/11/02/3895-citi-now-provides-clients-expedited-payment-services-into-china/</link>
		<comments>http://www.chinaretailnews.com/2010/11/02/3895-citi-now-provides-clients-expedited-payment-services-into-china/#comments</comments>
		<pubDate>Tue, 02 Nov 2010 00:22:33 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Citibank]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Hong Kong]]></category>
		<category><![CDATA[online payment]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=3895</guid>
		<description><![CDATA[Citi announced that its Global Transaction Services business has launched an extension to its Express Wire service for payments to Asia. Express Wire expedites delivery of U.S. Dollar payments destined for beneficiary accounts in Asia, providing clients with a significant edge in the marketplace. With the newly launched features, Express Wire now provides access to [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Chinese Internet Behemoth Plans Retail Banks</title>
		<link>http://www.chinaretailnews.com/2010/10/26/3878-chinese-internet-behemoth-plans-retail-banks/</link>
		<comments>http://www.chinaretailnews.com/2010/10/26/3878-chinese-internet-behemoth-plans-retail-banks/#comments</comments>
		<pubDate>Mon, 25 Oct 2010 21:25:36 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Banking & Payment]]></category>
		<category><![CDATA[Alibaba]]></category>
		<category><![CDATA[Alibaba Group]]></category>
		<category><![CDATA[Alibaba.com]]></category>
		<category><![CDATA[B2B]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[Bank of China]]></category>
		<category><![CDATA[CBRC]]></category>
		<category><![CDATA[CDH Investments]]></category>
		<category><![CDATA[China Banking Regulatory Commission]]></category>
		<category><![CDATA[China Merchants Bank]]></category>
		<category><![CDATA[CMB]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Internet bank]]></category>
		<category><![CDATA[Internet payment]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Jack Ma]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[online bank]]></category>
		<category><![CDATA[online banking]]></category>
		<category><![CDATA[online payment]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[PBOC]]></category>
		<category><![CDATA[People's Bank of China]]></category>
		<category><![CDATA[Softbank]]></category>
		<category><![CDATA[Zhejiang]]></category>
		<category><![CDATA[Zhong Jiwei]]></category>

		<guid isPermaLink="false">http://www.chinaretailnews.com/?p=3878</guid>
		<description><![CDATA[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. The new subsidiary is reportedly jointly invested by Alibaba Group, the people's government of Zhejiang, Softbank, and CDH Investments. Jack [...]]]></description>
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