Shanghai Pudong Development Bank Co., Ltd. Class A 600000

Industrial and Commercial Bank of China (SEHK:1398) has drawn attention after joining China Merchants Bank and Shanghai Pudong Development Bank in testing loans priced off interbank repo rates instead of the loan prime rate, highlighting an adjustment in benchmark use. See our latest analysis for Industrial and Commercial Bank of China. Against this backdrop of benchmark reform, Industrial and Commercial Bank of China’s recent share price momentum has been strong, with a 1-month share price...

ICBC, China Merchants Bank and SPDB test repo-based loan pricing alongside the existing loan prime rate.

Applied Optoelectronics (AAOI) said Wednesday its subsidiary, Global Technology, entered into a one-

A news report from iChongqing - Chongqing Qianxin Foreign Trade and Economic Cooperation Group (CFTEC) and AEOTrade co-hosted a digital cross-border trade roadshow on May 22 during the 8th Western China International Fair for Investment and Trade (WCIFIT), as Chongqing seeks to expand digital trade links with Singapore and global markets.

China's central bank has expanded its digital yuan programme by adding a dozen additional ‌banks as operators, confirming a Reuters report last ‌month. The 12 new banks allowed to handle the digital yuan include China ​CITIC Bank, China Everbright Bank, China Guangfa Bank, Shanghai Pudong Development Bank, among others, the People's Bank of China (PBOC) said in a statement. The move aims to "enhance the inclusiveness of digital ‌yuan services" and meet ⁠the public demand for "safe, convenient and efficient" payment options, the bank said.

China will allow a dozen additional banks to handle its digital yuan, three people with knowledge of the plans said, as Beijing pushes to accelerate use of the digital currency under a ‌strategy that contrasts sharply with the U.S. approach. The 12 new banks picked to promote the digital yuan by ‌China's central bank will add to 10 currently authorised and include Shanghai Pudong Development Bank, China Everbright Bank and Bank of Ningbo, according to the people. The People's Bank of China (PBOC) declined to comment.

Visa Inc. (NYSE:V) is one of the 15 Best S&P 500 Stocks to Look For in 2026. On January 15, Visa Inc. (NYSE:V) announced that it has enabled Apple Pay support for Chinese Visa cardholders. Eligible customers from the partnering Chinese banks will be allowed to add their Visa cards to Apple Pay and make […]

XTransfer, World's Leading B2B Cross-Border Trade Payment Platform and Shanghai Pudong Development Bank Co Ltd., Hong Kong Branch, jointly announced a collaboration on cross-border financial services and reached a strategic cooperation intention. The two parties aim to develop a strategic partnership focused on core capabilities, including payment and collection solutions and transaction processing. This collaboration will provide SMEs engaged in foreign trade with more secure, efficient, and co