Netease, one of the major email service providers in China, has launched a credit email alliance and the alliance has been joined by many famous companies from the finance, the third-party payment, e-commerce and online games industries.

China Merchants Bank, the first Chinese bank to establish a branch in the United States, is now using CHIPS, the real-time, large-dollar payments system operated by the Clearing House Payments Company.

Offshore software development company VanceInfo Technologies Inc. will deploy an outsourced development center for China Merchants Bank.

China Merchants Bank has become the first Chinese bank to receive a banking license in the United States since the adoption of the Foreign Bank Supervision Enhancement Act of 1991.