China

It’s also available through WeChat and Yixin.

JPM allegedly hiring children of powerful officials to win business deals. Media reports said US authorities are investigating the hiring practices of JP Morgan Chase in China, India, South Korea and Singapore following a probe into its activities in China where it employed children of influential officials to win lucrative business deals.

MSMEs can be energized utilizing Islamic finance.

European regulators need to open their doors, however.

Wary that spike could threaten structural reforms.

Profit data were still concealed.

Is this good news?

Thanks to strong fee income growth.

Financial products will soon be available on Taobao.

Currently with China’s Ministry of Finance.

ICBC results are below expectations.

Boosted by strong fee income growth.

Will Europe overtake Asia in RMB trade settlement?

Is currently in talks with Banco Industrial e Comercial SA.

Service began Oct. 28. Chinese living in nine provincial-level regions (including Beijing and Guangdong) can look up their personal credit reports using an online inquiry service. The new platform is expected to draw public attention to personal credit records and help make credit management a part of people's daily routine. It is another form of credit tracking and will be available to the entire population in the first half of 2014, said the People's Bank of China. PBOC began building its database of credit information in 2006. The database collected information on 820 million individuals, of which 290 million had personal credit files. This database served as a yardstick for financial institutions to measure an individual's trustworthiness, especially when providing a loan. The China Banking Association said China’s financial institutions issued 330 million credit cards by the end of 2012, with annual trading of US$1.63 trillion. PBOC said banks' outstanding loans for home purchases stood at US$1.4 trillion as of end September.

Branch is first overseas by this state-owned bank. Li Ruogu, president of the Export-Import Bank of China, said the creation of the Paris branch gives the bank a financial services platform closer to its market and clients in Europe. He noted the branch would benefit Sino-French and Sino-European economic and commercial cooperation. Chinese government sources said the establishment of the Paris branch means that Chinese banks think highly of the strategic significance of Paris with its role as an international financial center, and have full confidence in Sino-French cooperation in economic and commercial fields. Founded in 1994, the Export-Import Bank of China facilitates the export and import of Chinese products; assists Chinese companies with comparative advantages and promotes international economic cooperation and trade.