Credit? They've got your number

A broad-based, market-oriented personal credit database is being developed in China with the participation of institutions outside the traditional banking sector, the central bank said on Monday.

Web giants step into consumer spending records

Companies backed by China's Internet conglomerates Alibaba Group Holding Ltd and Tencent Holdings Ltd have been given the green light to provide consumer credit information services, a move that is expected to not only strengthen the two companies' finance business but also give a strong boost to other entities they own.

Firms grappling with compliance talent shortage

Recruitment agencies find it difficult to satisfy demand as need for specialized regulatory professionals grows in several sectors, reports Shi Jing in Shanghai.

From tiny to titanic, tech companies strut stuff in Las Vegas

The nation's tech companies are again making a mark at the International Consumer Electronics Show, which opened on Tuesday in Las Vegas.

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Quotes of the day

Shanghai office developers running short of prime land

The launch of Shanghai Tower, the city's tallest building, and other new projects in 2015 will add considerable pressure to office building price growth and occupancy rates, according to a new report on its realty market by international property consultants DTZ.

Oil majors ponder output cuts as crude prices fall, costs rise

PetroChina to reduce production from Daqing oilfield after decades of over-exploitation

Let the next smartphone battle begin

Premier Li Keqiang's first trip of 2015, to the headquarters of smartphone giant Huawei Technologies Co Ltd in Shenzhen, Guangdong province, sent the world a clear message of the importance attached to the country's domestic handset industry.

Sinopec given approval for private capital injection

Asia's largest refiner, China Petroleum and Chemical Corp (Sinopec), said on Tuesday that it has received approval for a 107.1 billion yuan ($17.2 billion) capital increase for its marketing subsidiary, a big step in the country's mixed-ownership reform of State-owned enterprises.

Holders claim prepaid cards 'useless'

Holders of prepaid cards issued by a Shanghai-based third-party payment company claim that they are finding the cards to be almost useless in a widespread area of the Yangtze River Delta. The cards involved are carrying more than 500 million yuan ($80.45 million).

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