ANZ has opened a branch in the Chinese port city of Qingdao, in Shandong province. The branch will cover the province, offering trade and supply chain, cash management, markets and relationship banking services to corporate customers. The Qingdao branch complements ANZ's established branches in Beijing, Shanghai, Chongqing, Chengdu and Hangzhou. Major banks have notified bitcoin traders that they will not provide them with banking services, according to the Australian Financial Review. Companies including Bit Trade and Buyabitcoin are among an estimated 17 companies that have been told their accounts will be closed. The Australian Digital Commerce Association said all large banks were shutting the door on the bitcoin industry. The banks have concerns about being able to access transaction records for financial reporting purposes. The Australian Securities and Investments Commission has suspended the credit licence of payday lender PAID International Ltd. PAID International appointed an administrator in January and entered into a deed of company arrangement with its creditors in March. Last year the company gave ASIC an enforceable undertaking, agreeing to refund customers who were charged excessive loan fees. The company's deed administrator has reported that 6650 consumers are owed more than A$900,000 in compensation. Equipment finance company CNH Industrial Capital has appointed Brandon Stannett as managing director for Australia and New Zealand. Stannett spent 15 years at ANZ and five at Bank of Queensland, where he led the asset finance division. CNH specialises in the agriculture, transport and construction sectors.