China Boots Up an Internet Banking Industry
Premier Li Keqiang recently launched a new era for banking in China by ceremonially pressing the "confirm" button for a 35,000 yuan loan issued to a Shenzhen truck driver.Li's gesture on January 4 on behalf of Shenzhen Qianhai WeBank was the inaugural transaction for the country's first no-bricks, no-mortar, 24-hour, Internet-only bank.The ceremony underscored a government
Source: chinafile.com