BOC, Insurance Firm to Cooperate in E-BusinessThe Bank of China (BOC) and Ping'an Insurance Company signed an agreement on E-business cooperation Tuesday in Shenzhen.This is the first case of cooperation between a Chinese commercial bank and a life insurance company. Under the agreement, the bank's computer system will be linked to a special line to the insurance company's business website -- Pa18.com -- which is expected to go into service on August 18. Customers will be able to buy and sell stocks, buy insurance, purchase goods, check bank accounts and transfer accounts on-line. The cooperation will help both sides to increase their competitiveness in the markets and reduce financial risks, said BOC Governor Liu Mingkang. |
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