Hu Xuna, from China's southern city of Guangzhou, used to hate taking her child to the doctor. But she dreads it less now that she can skip the long lines and pay the bill with a few taps on her smartphone.
The greatest credit risk that Chinese banks faced in 2015 was related to the loans to industries mired in overcapacity, according to a survey released on Sunday.
A Pentagon audit recently found that several Defense Department employees used government credit cards for gambling and "adult entertainment", according to U.S. media report.
An official with Russian Foreign Ministry said Tuesday that his country looks forward to creating a system involving rating agencies of Brazil, Russia, India, China and South Africa, claiming leading western agencies downgraded his country's rating out of political motivation.
Chinese people used more credit cards last year, fresh evidence that the nation's traditionally frugal residents are looking for credit cards for everyday purchases.
Moody's said in a report on Monday that overall credit profile of Chinese banks would be largely stable over the next 12 to 18 months.
The Moody's Investors service, a credit rating agency downgraded on Tuesday credit ratings for five largest banks in South Africa.
The decision by Standard & Poor's to lower the Finnish credit rating on Friday has generated a heated debate among Finnish political parties on what Finland should do.
The decision by Standard & Poor's to lower the Finnish credit rating on Friday has generated a heated debate among Finnish political parties on what Finland should do.
Chinese Premier Li Keqiang on Wednesday pledged to take various steps to give more financing support to the real economy while keeping credit growth at a proper level.
The Chinese cabinet's decision to carry out targeted reserve requirement ratio cuts in more banks is in line with its pledge to deepen financial reform and better serve the real economy, which analysts say will ultimately boost economic restructuring.
In a country racked by unsafe food and other scandals, experts in China hope a national social credit system will reduce losses caused by dishonesty and rule violations.
Users of China's most popular online payment service, Alipay, will have the chance to apply for credit cards for online use, starting next week.
People living in nine provincial-level regions, including Beijing and Guangdong, can now look up their personal credit reports using an online inquiry service.
A credit crisis in Shenmu, a bustling northwest China county that built its riches on coal, has stoked concerns regarding how quickly the country can complete its economic transition.
Major Chinese banks have vowed to offer strong credit support for green economy.
China will continue a prudent monetary policy while ensuring credit growth for the real economy, agricultural sector and small enterprises, according to a statement issued after a State Council meeting Wednesday.
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