More China Business News

Companies

Foreign cards may woo Chinese users

Visa, MasterCard apply for permission to compete against Union Pay in China Foreign debit and credit card companies face a long fight with local electronic payment market leader UnionPay as industry supervision is still evolving and customer needs are diverse, experts said. US card network Visa has applied for a […]

Malaysia launches the world’s first green Islamic bond
Economics

Malaysia launches the world’s first green Islamic bond

The green sukuk, or Islamic bond, is a big step forward to fill gaps in green financing. Proceeds are used to fund environmentally sustainable infrastructure projects such as solar farms in Malaysia. Photo: Aisyaqilumar/bigstock Climate change is expected to hit developing countries the hardest. Its potential effects on temperatures, precipitation […]