Citibank (China) Co yesterday launched its yuan debit cards - the third overseas bank to offer the service.
Citi is also offering mobile-phone payments associated with the cards, unlike its overseas rivals.
Citibank has teamed up with China UnionPay’s subsidiary, China UnionPay Data Services Co, China’s largest card third-party processor, to outsource its debit card transaction processing [...]
China’s four power giants may have lost up to 7 billion yuan ($1.02 billion) in the first half of this year due to soaring coal prices, Shanghai Securities News reported on Wednesday.
China Guodian Corporation (CGD) and China Huadian Corporation (CHD) recorded losses of 1.4 billion yuan and 2.65 billion yuan, respectively, in the first six [...]
More than a third of all furniture products and 14 percent of all leather goods manufactured in Guangzhou contain unsafe levels of formaldehyde, a chemical that can cause leukemia, a study by the city’s quality and technology supervision bureau has found.
Forty-five of 132 batches of furniture and 11 of 80 batches of leather goods were [...]
China imported more edible vegetable oil at higher cost in the first five months of this year, as demand remained strong at home and prices were buoyed up by short supplies worldwide.
Between January and May, China imported 3.57 million tons of edible vegetable oil, a year-on-year increase of 11.1 percent. The arrivals were valued at [...]
China Eastern Airlines will continue its talks on share sale to Singapore Airlines to improve its financial conditions in the dull aviation market.
Tags: China-Eastern-Airlines, flights, Olympic
The Agricultural Bank of China has received approval from industry regulators to set up township banking units in the northern Inner Mongolia Autonomous Region and the central Hubei Province.
Zhang Yun, the bank’s vice president, said yesterday that the lender also plans to acquire stakes in rural financial leasing firms and rural insurance companies.
In the next [...]
