Internet a shot in the arm for financing2014-04-18
The rise of Internet financing has eaten into the savings of traditional banking giants.Internet financing has forced traditional financing institutions to undergo certain changes.
Traditional banking perceived as more secure2014-04-03
Traditional banks in China are under severe pressure from the fast-growing online finance sector, which combines the convenience and efficiency of the Internet with the sophistication of wealth management products - while also offering rates higher than what bank deposits pay.
Internet finance shaking up Chinese banks2014-04-03
Chinese banks'resilience to the growing popularity of Internet finance has been"so far, so good"and sector change will come as the industry catches the trend, analysts in Hong Kong said.
Online finance needs more checks2014-03-31
As Internet finance increasingly becomes red-hot in China, many people are itching to piggyback on its success, expecting to grab a piece of the growing pie.
Top banks turn cold shoulder to Alipay2014-03-30
After China's Big Four banks imposed transfer caps on online quick payment services, Industrial and Commercial Bank of China(ICBC)said last week that it would restrict trade with Alipay down to just a single branch.