HSBC Holdings Plc. (00005.HK) has jumped into the renminbi fray, offering record-high yields of as much as 3.8 percent interest per annum for yuan time deposits, Apple Daily reported on Tuesday, citin ...More
EJ Insight2014-04-08
China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) posted a net profit of 39.17 billion yuan (US$6.3 billion) for 2013, marking an increase of 26.2 percent from the previous year, according to a stock ...More
EJ Insight2014-03-28
Dah Chong Hong Holdings Ltd. (DCH, 01828.HK), a Hong Kong-based distributor of motor vehicles and food products, plans to leverage the strengths of its parent firm, China's state-backed CITIC Group, t ...More
EJ Insight2014-03-27
Almost 20,000 convenience stores are now allowing consumers to pay through Alibaba Group's quick response (QR) code payment service, Information Economics Daily reported Tuesday, citing a company sour ...More
EJ Insight2014-03-25
The People's Bank of China has suspended the use of online payment systems involving virtual credit cards and mobile barcodes, catching market players by surprise. The move came even after ranking gov ...More
EJ Insight2014-03-19
Kingdee International Software Group Corp. Ltd. (00268.HK) is set to launch a software product that allows corporates to manage their financial assets through the Internet, chairman and chief executiv ...More
EJ Insight2014-03-18
The People's Bank of China appears to have dealt the country's e-commerce sector a setback after it suspended the use of virtual payment channels such as virtual credit cards and the Quick Response (Q ...More
EJ Insight2014-03-18
China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) said its virtual credit cards have yet to hit the market and are continuing to undergo trials, China Securities Journal reported Monday. The cards are ...More
EJ Insight2014-03-17
The People's Bank of China (PBoC) has suspended the use of virtual credit cards and quick response (QR) code payment provided by China CITIC Bank Corporation Ltd. (00998.HK), Alibaba Group's Alipay an ...More
EJ Insight2014-03-14
Hong Kong's benchmark Hang Seng Index (HSI) continued its retreat Friday after the central bank's ban on virtual credit cards weighed heavily on the technology, software and electronic payment sectors ...More
EJ Insight2014-03-14
The People's Bank of China has suspended the use of virtual credit cards and barcode payment by Alipay and Tencent Holdings Ltd. (00700.HK), 21st Century Business Herald reported Friday. The central b ...More
EJ Insight2014-03-14
Internet funds keep draining money from bank deposit accounts, and there seems little banks can do to stop the trend. To cope with the onslaught, lenders are being forced to rethink their business str ...More
EJ Insight2014-03-14
Hong Kong's stock market appears to have entered a correction phase, with the benchmark Hang Seng Index (HSI) slumping more than 360 points on Wednesday, dragged down by weak overseas sentiment and wo ...More
EJ Insight2014-03-12
Alibaba Group unit Alipay and Tencent Holdings Ltd. (00700.HK) said on Tuesday that they will cooperate with China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) in virtual credit cards, China Securities ...More
EJ Insight2014-03-12
China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) plans to issue interbank negotiable certificates of deposit (NCDs) worth 2 billion yuan (US$326.07 million) Monday with maturity of six months, Nation ...More
EJ Insight2014-03-10
Hong Kong's benchmark Hang Seng Index (HSI) ended a volatile trading session Wednesday, the first day of the National People's Congress's annual session. The HSI climbed as much as 181 points in the ...More
EJ Insight2014-03-05
In little more than six months, Alibaba's hugely popular investment fund product Yu’E Bao has helped its fund partner Tianhong Asset Management shoot to fame and grab the number one position in China ...More
EJ Insight2014-02-27
Bank of Beijing Co. Ltd. (601169.CN) and mobile phone maker Xiaomi Inc. have agreed to establish an online finance business, Shanghai Securities News reported Thursday without citing a source. They wi ...More
EJ Insight2014-02-20
Hong Kong shares closed higher on Wednesday, taking the cue from mainland peers and other overseas stock markets. The benchmark Hang Sang Index added 76 points or 0.34 percent to finish at 22,664 poin ...More
EJ Insight2014-02-19
China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) is facing mounting bad loans in its Shanghai operations, mostly to steel traders in the Yangtze River Delta region, news website caijing.com reported ...More
EJ Insight2014-02-18
