Industrial and Commercial Bank of China and Ping An Insurance (Group) have signed an e-commerce strategic cooperation agreement to implement business cooperation in related areas.
Under the agreement, the two parties will work together to promote the online payment of insurance fees across China; expand new business models and business cooperation sectors focusing on online insurance and phone insurance; launch capital regulation and financing services related to e-insurance business; and establish a new model for the cooperation between banks and insurance companies.
ICBC is the largest commercial bank with the highest credit rating in China. In 2009, the trading value of its e-bank reached CNY181 trillion. Meanwhile, the bank is actively adjusting its service structure while developing new intermediary services like bank insurance. At prese...
This news article comes via ChinaTechNews.com , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of ChinaTechNews.com