Monday, January 25, 2021
Tags Chinese bank cards

Tag: Chinese bank cards

Chinese Bank Cards Increase 8.9% YoY in 2019 to 8.53 Billion

A new report from the peak body for the Chinese banking sector points to robust growth in bank cards in 2019.

PBOC Approves First Bank Card Clearing License for China UnionPay

China's central bank has given its approval to the issuance of the country's first bank card clearing operations license in anticipation of...

Over 100M China UnionPay Cards Issued Abroad, Transaction Volume Up 40% YoY in 2018

Chinese bank card giant UnionPay is fast expanding its overseas presence in terms of cards issued abroad as well as transaction volumes. Data just released...

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

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

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...