Tag Archives: Bank of China

The “UnionPay” app can be used in 25 countries and regions outside mainland China

27 Apr
Shanghai China, skyline long exposure industrial

SHANGHAI, April 27, 2018 /PRNewswire/ — To better meet UnionPay cardholders’ demands for mobile payment services, UnionPay International is expanding the acceptance scope of the “UnionPay” app outside mainland China. UnionPay International announced today that users of the “UnionPay” app can now enjoy safe and convenient UnionPay mobile payment service in 25 countries and regions outside the Chinese […]

China’s biggest bank sells stake

01 Sep
Keynes of China' Li Yining China's most famous economist - China's biggest bank

China’s biggest lender, Industrial and Commercial Bank of China (ICBC), is selling a 10% stake to Goldman Sachs, Allianz and American Express. The deal, said to be worth more than $3bn (£1.7bn), is just the latest example of Western financial houses investing in Chinese banks. Bank of America and Royal Bank of Scotland are two […]