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Samsung Pay Hits China Ahead of Europe
Mar 30, 2016Samsung Pay has joined the ultra-competitive mobile payment market in China. Towards the end of 2015, Samsung revealed that it was bringing Samsung Pay to China in early 2016. This followed closely on the heels of a similar announcement ...
Tags: Samsung Pay, Apple pay
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UAE, China Agree to Set up RMB Clearing Hub
Dec 28, 2015The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
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China Contemplates Textiles Units in Pakistan
Apr 13, 2015China 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
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Performance of China's Financial Leasing Industry Has Been Mixed
Mar 9, 2015As 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
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ICBC London Branch Opens for Business
Dec 3, 2014Industrial 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
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ICBC to Become a Clearing Bank for RMB Transactions in Canada
Nov 10, 2014Industrial & 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
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US Media Reported That Apple Sold 10 Million Iphones in The Opening Week
Oct 29, 2014US 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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Taigang Stainless Plans to Issue Short-Term Bonds Worth RMB 2.5 Billion on January 14
Jan 14, 2014Shanxi Province-based Chinese stainless steel producer Taigang Stainless Steel Co., a subsidiary of Taiyuan Iron and Steel (Group) Co. (TISCO), has announced that it plans to issue short-term bonds worth RMB 2.5 billion ($408 million) on ...
Tags: Taigang Stainless, Mineral
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Pangang Group Plans to Issue Medium-Term Notes Worth RMB 4.5 Billion on November 11
Nov 7, 2013Sichuan Province-based Chinese state-owned steel producer Panzhihua Iron and Steel (Pangang Group) has announced that it plans to issue medium-term notes worth RMB 4.5 billion ($737.7 million) on November 11. The notes in question will ...
Tags: Pangang Group
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Blackstone Have Acquired a 40% and 6% Stake Respectively in SCP
Nov 5, 2013Global largest asset management firm Blackstone Group and ICBC International acquire stakes in SCP (SZITIC Commercial Property Group Co., Ltd.) have acquired a 40% and 6% stake respectively in SCP. According to the statement released by ...
Tags: Blackstone, SCP Group
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The Ten-Year Bareboat Charter Period of Those 9 Vessels by BOURBON Will Commence Today
Sep 5, 2013Following the transfer of ownership of the first 9 vessels to the Chinese company ICBC Financial Leasing ("ICBCL") as part of a 51 vessel sale and bareboat commitment and the payment of US$144 million, BOURBON announces that the ten-year ...
Tags: Transportation, Service, logistics
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ICBC Ranks Number One in Terms of Profit Making
Sep 2, 2013Industrial and Commercial Bank of China Limited (ICBC, SEHK: 1398, and SHSE: 601398) revealed net profit attributable to parent shareholders of CNY 138.347 billion in the first half of 2013, rising 12.33% year on year, ranking number one in ...
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Chinese Financial Search Platform Rong360.COM Received USD 30 Million
Aug 16, 2013al Chinese financial search platform Rong360.com received USD 30 million in its second round of financing recently. Ye Daqing, CEO of it, said in an interview on August 2 that it had completed its second round of financing and the ...
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TISCO Will Issue Its Third Tranche of Short-Term Bonds
Aug 5, 2013On July 31, Shanxi Province-based Chinese stainless steel producer Taigang Stainless Steel Co., a subsidiary of Taiyuan Iron and Steel (Group) Co. (TISCO), announced that it will issue its third tranche of short-term bonds for the current ...
Tags: Stainless Steel, Mineral
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China Formally Announced a Thorough Decontrol Over Lending Rates of Financial Institutions
Jul 24, 2013China formally announced a thorough decontrol over lending rates of financial institutions on July 20. Approved by the State Council, the Chinese cabinet, the People's Bank of China (PBOC), the central bank, said on July 20 that the ...
Tags: lending rates, commercial principles, china
