Good Life China (GLCC) Joint Cooperation with Agricultural Bank of China (ABC) for chrissakes.
... offering and/or making available ABC's lines of products and services.
ABC: New loans to support agriculture and farming and county-level economic development reached 68.3 billion yuan, accounting for 48 percent of total first-quarter loan growth.
It all makes sense.
I was happy when GL started leaning towards micro-loans, but now we have the capability of being in the full-fledged banking business.
Good deal for ABC; opens thousands of additional banking outlets cheaply - loan applications, ATM's, etc.
IEXPAY (PR/June 5, 2008) now has a legitimate network and a friendly uncle. Check21 same.
Also, Chinese banks have been given official approval to sell stocks. Progress is slow, but it's coming.