Posts Tagged ‘ PBOC ’

Chinese Internet Behemoth Plans Retail Banks

Oct 26th, 2010 | By | 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.



China's Central Bank To License Online Payment Platforms

Dec 11th, 2009 | By | Category: Banking & Payment

According to Ouyang Weimin, the director of the Payment System Department of the People's Bank of China, PBOC plans to issue licenses to Chinese online third-party payment platforms to bring more competition and a higher level of security into this sector of the industry.