Commercial Bank articles & resources on Made-in-China.com

China's Economy Transitioning Not Derailing

Jan 22, 2016

China's economy is going through a series of historic transitions, and recent short-term market volatility will prove temporary, experts attending the World Economic Forum (WEF) Annual Meeting 2016 said on Thursday. The Chinese government ...

Tags: Economy Transitioning, Economy

Chinese Banks Required to Open Real-Name Accounts

Dec 28, 2015

Chinese commercial bank must verify the identify of clients when they open personal bank accounts to make sure they are using their real names, a circular showed Friday. The People's Bank of China (PBOC), the central bank, released the ...

Tags: Banks, Real-name Accounts

S.Korea Approves China Everbright Bank's Operation in Seoul

Dec 17, 2015

South Korea's financial regulator on Wednesday approved the banking operations of China Everbright Bank, a unit of the state-owned Everbright Group. The Financial Services Commission (FSC) said in a statement that it gave a nod to ...

Tags: Everbright Bank, foreign banks

China-Brazil Commercial Summit Held in Brasilia

Oct 22, 2015

On May 19, 2015, China-Brazil Commercial Summit was held in Brasilia successfully. The summit was sponsored by Chinese Ministry of Commerce and Brazilian Ministry of Foreign Affairs. Chinese Premier Li Keqiang and Brazilian President Dilma ...

Tags: productivity cooperation, infrastructure, financial cooperation

E-Commerce Generates $1.2 Million Revenue Every 30 Sec

Aug 21, 2015

Every 30 seconds, global e-commerce industry generates over $1.2 million revenue with Facebook, Pinterest and Twitter contributing $5,483, $4,504 and $4,308 respectively, according to an ASSOCHAM-Deloitte joint study. The study found that ...

Tags: e-commerce industry, social networks

China Contemplates Textiles Units in Pakistan

Apr 13, 2015

China is seriously planning to shift part of its $300 billion textile industry to Pakistan in the coming years, says a leading Pakistani newspaper. This was revealed by one of the Pakistani delegates after an official visit to China. ...

Tags: textile sector, Textile

China Launches Bank Deposit Insurance in May

Apr 1, 2015

Move is precursor to further liberalization of interest rate system An insurance system for bank deposits will start on May 1, a step toward scrapping remaining controls on interest rates and allowing lenders to fail in a more ...

Tags: Bank Deposit, Deposit Insurance

Issues of China's Inclusive Approach to International Finance Were High on Official Agenda

Mar 27, 2015

The Annual Conference of the Boao Forum for Asia held its first discussion session on Thursday afternoon. For the first time, issues of China's inclusive approach to international finance and rural banking were high on the official ...

Tags: Rural Banking, Boao's Agenda

Chinese Currency The Yuan Is Enjoying Rising Acceptance

Mar 13, 2015

With Chinese currency the yuan, also known as the renminbi, enjoying rising acceptance, banks and enterprises in the Gulf Arab region are seeking ways to catalyze the growing demand for conducting trade with the currency. "By the end of ...

Tags: Service, yuan

Performance of China's Financial Leasing Industry Has Been Mixed

Mar 9, 2015

As China's financial environment has deteriorated, the performance of its financial leasing industry has been mixed. Financial leasing companies associated with banks have continued to receive adequate liquidity, especially because banks ...

Tags: Bank, Financial Leasing Industry

Peer-to-Peer Lending Is Facing Its First Serious Government Regulation

Mar 9, 2015

Peer-to-peer lending, websites that allow individuals to borrow money from other individuals without going through banking middlemen, is facing its first serious government regulation as defaults undermine confidence in the online systems. ...

Tags: Peer-to-peer lending, government regulation

Europen Dramatic Monetary Policies Likely to Create Hot Money Inflow Into China

Mar 3, 2015

Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon. Hot money is speculative money that flows ...

Tags: Dramatic monetary policies, hot money

ICBC London Branch Opens for Business

Dec 3, 2014

Industrial and Commercial Bank of China (ICBC) London Branch officially declared its opening for business on Monday night, marking the first branch of a Chinese bank from the Chinese mainland approved to be established in Britain since the ...

Tags: ICBC, London Branch

ICBC to Become a Clearing Bank for RMB Transactions in Canada

Nov 10, 2014

Industrial & Commercial Bank of China (601398.SHA) will become a clearing bank for RMB transactions in Canada, The Wall Street Journal reported, citing a statement from China's central bank. The announcement comes one day after China and ...

Tags: ICBC, RMB Transactions, Service

US Media Reported That Apple Sold 10 Million Iphones in The Opening Week

Oct 29, 2014

US media reported that Apple sold 10 million iPhones in the opening week, breaking its previous record. Apple is now the second most profitable company by selling highly sophisticated products with high profits. The Industrial and ...

Tags: Most Profitable Company, ICBC

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