Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.

Chinese B2B e-commerce group Alibaba has announced plans to launch a CNY3 billion housing loan scheme for its employees and a CNY500 million education fund to solve the preschool and primary education problems of children of its employees.

U.S.-based Wells Fargo & Company signed a strategic cooperation agreement last week with China's Baoding Tianwei Group focused on the development and building of solar power products in the United States.

More than four years after it shuttered its Chinese retail banking operations, Bank of America's charity arm is now funding a conservation program in China.

Reports in local media say that Toyota Motor Finance (China) Company, a subsidiary of Toyota Financial Service, has fined by the local administration for industry and commerce in Hangzhou, the capital of Zhejiang Province, for its involvement in commercial bribery.

Liu Shiyu, the vice president of China's central bank, disclosed at a recent work conference that China will establish a legal system for the protection of the interests of financial service users and speed up the amendment of relevant rules including the General Rules on Loans.

The Guangxi Environment Department has signed an agreement with Guangxi Beibu Gulf Bank Company on green credit services.