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Thursday, September 07, 2000, updated at 08:46(GMT+8)
Business  

BOC, Insurance Firm to Cooperate in E-Business

The Bank of China and Ping'an Insurance Company Tuesday signed an agreement on E-business cooperation.

Under the agreement, the bank's computer system will be linked to the insurance company's business website -- Pa18. com -- which is due to go into service on August 18th.

Customers will be able to buy and sell stocks, buy insurance, purchase goods and manage their bank accounts on-line.

This is the first instance of cooperation between a Chinese commercial bank and a life insurance company.

It is expected to help both sides to increase their competitiveness in the markets and reduce financial risks.




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The Bank of China and Ping'an Insurance Company Tuesday signed an agreement on E-business cooperation. The bank's computer system will be linked to the insurance company's business website -- Pa18. com -- which is due to go into service on August 18th.

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