The Shanghai-based lender posted profit of 40.8 billion yuan (US$5.9 billion) between January and June, 4.6 per cent higher than a year ago. Photo: Reuters

Return of the credit card amid mobile-payments crackdown boosts Bank of Communications profit

China’s fifth biggest lender saw credit-card payments rise 44 per cent as Beijing makes life tougher for digital payment firms

Topic |   Bank of Communications

TOP PICKS

The Shanghai-based lender posted profit of 40.8 billion yuan (US$5.9 billion) between January and June, 4.6 per cent higher than a year ago. Photo: Reuters
READ FULL ARTICLE