Monday, January 25, 2021
Tags American Express

Tag: American Express

PBOC Says It’s Processing American Express Application for Bank Card Clearing Entity

The Chinese central bank has indicated that it has started to review an application from an American Express subsidiary to do business...

American Express on Track to Become First US Card Network to Crack Chinese Market

American Express is set to become the first US card network to garner approval for direct access to China's bank card market. On Friday the...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

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Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...