Bank of Communications

China Banks’ Profits Set to Soar

From Financial Times : Chinese banks will announce record profits for 2007 in the coming weeks in contrast with their global counterparts, which have been forced into large write-offs in the wake of the credit crisis. But 2008...

Wal-Mart Will Launch Its First China Credit Card – Mei Fong

From The Wall Street Journal: Wal-Mart Stores Inc., the world’s largest retailer in terms of sales, will announce the launch of its first credit card in China today in conjunction with China’s Bank of Communications, according to Wal-Mart and bank officials. The venture is likely the first credit card issued by a foreign retailer, analysts […]

Bank of China unveils financial fraud of 200m yuan – Beijing Time

From Beijing Times: Bank of Communications, one of China’s major commercial banks, said on Saturday that it has found out a financial fraud case involving about 200 million yuan (25 million U.S. dollars) in one of its branches in a recent self-examination. “We have found out a case in which customers was defrauded of their […]

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