China’s commercial banks are tightening oversight of clients using credit cards to fund stock investments as small-time investors pour in to catch the nation’s $1 trillion market rally. Lenders ...
Chinese mobile payment platforms Alipay and WeChat Pay have begun allowing users to withdraw money online through credit card cash advances by cooperating with some banks, such as Bank of Ningbo, ...
As Beijing pushes consumer lending to stimulate the economy, millions of Chinese borrowers, especially the young, are falling into debt spirals. By Li Yuan China is a nation of savers. The Chinese ...
The 75-year-old lender will work with the newly listed digital asset exchange to issue a co-branded Visa card for HashKey traders One of Hong Kong's oldest lenders is stepping up its push into digital ...
If you’ve ever tried to pay with cash in China and been met with a blank stare—or worse, held up a line while the cashier scrambled for change—you’re not alone. In 2025, digital payments aren’t just ...
Fitch cuts China's credit rating by one notch to 'A' Cites rapidly rising debt, worsening public finances China ramps up stimulus to shield economy from US tariffs Finance ministry describes Fitch ...
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