Tag: chinese investors
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First overseas transport card launched for Chinese Tourists
To make outbound travel more seamless for Chinese tourists, NETS and Alipay launched the first overseas transport card that can be purchased right off Alipay’s mobile wallet, which has 190 million active users across China. Tourists can now buy the Alipay FlashPay cards before flying out of China, the two firms announced in a media.…
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China’s big four banks beat Q1 profit expectations
Buy2Greece.com China’s top four state-owned banks saw first-quarter profits beat expectations despite efforts by the central bank to reduce the lucrative spread between bank depositing and lending rates, Reuters reported. Analysts said Industrial and Commercial Bank of China Agricultural Bank of China, Bank of China and China Construction Bank held interest margins steady by boosting…