Citi Now Provides Clients Expedited Payment Services Into China
Citi announced that its Global Transaction Services business has launched an extension to its Express Wire service for payments to Asia.
Citi announced that its Global Transaction Services business has launched an extension to its Express Wire service for payments to Asia.
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.
Alipay.com, the Chinese third-party Internet payment platform and a subsidiary of the B2B e-commerce group Alibaba, has launched a joint security and risk control program with major Chinese banks.
The China Banking Regulatory Commission has granted Swedbank a local currency license to use the Renminbi.
China UnionPay has collaborated with commercial banks, mobile communication operators, and mobile phone manufactures for the establishment of the Mobile Payment Industry Alliance in China.
The China Banking Association has published its 2009 corporate social responsibility report while celebrating its 10th anniversary in Beijing.
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…
U.K.-based Standard Chartered Bank has opened its first village bank, Inner Mongolia Helingeer Standard Chartered Village Bank, making it the first foreign bank to enter China's Inner Mongolia Autonomous Region.
HSBC China has published its 2008 corporate social responsibility report detailing its activities on the Chinese mainland.
Bank of Beijing has opened its fifth branch out of Beijing in Hangzhou to offer help to small and medium size enterprises during the global financial crisis.