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Alibaba Plans To Open Physical Banks In China
October 20, 2010Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking Regulatory Commission.
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CBRC: No Banks Shall Provide Credit Card Services To Teenagers
July 20, 2009The China Banking Regulatory Commission has issued a circular which asks Chinese banks not to provide credit card services to students under 18 years old.
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PBOC To Regulate Payment, Settlement Businesses Of Internet Platforms In China
April 21, 2009The People's Bank of China has published a notice that requires all non-financial organizations engaged in payment and settlement businesses in China, including Internet platforms such as Alipay, to fully register under the new guidelines before July 31, 2009.
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