Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

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Equity Bottom-Up

<ul><li>Regulators cleared state-backed bank card giant China UnionPay, the world’s largest provider of debit cards, to more than triple its registered capital to almost 10 billion yuan ($1.37 billion).</li><li>Such a capital increase usually is intended to improve a payment institution’s risk control system and ensure the safety and stability of the business, a senior analyst in the payment industry said.</li><li>People at UnionPay told Caixin that the capital increase was a distribution of unrealized shareholder equity and was a normal financial adjustment with no impact on its shareholding structure.</li></ul>

Regulators cleared state-backed bank card giant China UnionPay, the world’s largest provider of debit cards, to more than triple its registered capital to almost 10 billion yuan ($1.37 billion).Such a capital increase usually is intended to improve a payment institution’s risk control system and ensure the safety and stability of the business, a senior analyst in the payment industry said.People at UnionPay told Caixin that the capital increase was a distribution of unrealized shareholder equity and was a normal financial adjustment with no impact on its shareholding structure.

China UnionPay More Than Triples Registered Capital to $1.37 Billion

Cross Asset Strategy

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China

China UnionPay Co. Ltd. operates bank trading systems. The Company sets up and manages national inter-bank information exchange network. China UnionPay provides deposition and withdrawing money, payment, transferring, and other bank card services.

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China UnionPay (0746109D CH)

China UnionPay More Than Triples Registered Capital to $1.37 Billion

Regulators cleared state-backed bank card giant China UnionPay, the world’s largest provider of debit cards, to more than triple its registered...

Caixin Global

CX Daily: Why Fewer Criminal Appeals Cases Are Getting Heard in China

Law /In Depth: Why fewer criminal appeals cases are getting heard in China BRICS /: BRICS invites six nations to join as expansion moves into...

Caixin Global

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