Posts Tagged ‘PBOC’
Countdown Looms For BTCC’s Bitcoin Trading End
September 22nd, 2017
As BTCC enters its final week of Bitcoin trading operations, all eyes are on how the impact of the shutdown …
China Post Invests CNY100 Million In Mobile Payment Services
July 14th, 2014
China Post plans to invest CNY100 million to build an electronic payment platform for mobile phone and Internet payment services. The People’s Bank of China has already accepted a related application from China Post’s Chongqing operation and management department, so this is the first step in the organization’s nationwide service roll-out. The application reportedly shows […]
Bitcoin Futures Trading Suspects Arrested In China
December 18th, 2013
Three men involved in an alleged swindle of Chinese speculators of the Bitcoin virtual currency have been detained in China. Local media report that the three men were involved in the GBL trading platform that allowed Bitcoin futures trading. The service ran for a few months and then closed abruptly on October 26, 2013. When […]
Alipay.com Teams With Chinese Banks For Convenient Internet Payments
April 22nd, 2011
Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service. The online payment company is cooperating with ten banks, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Ping’an Bank, Bank of Beijing, Shanghai […]
Alibaba Plans To Open Physical Banks In China
October 20th, 2010
Rumors 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. The new subsidiary is reportedly jointly invested by Alibaba Group, the people’s government of Zhejiang, Softbank, and CDH Investments. Jack […]
China To Issue Licenses To Domestic Online Payment Companies
December 7th, 2009
According to Ouyang Weimin, director of Payment System Department of the People’s Bank of China, […]