CCB to open Renminbi business in Hong Kong

Home>>Business

Last updated at: (Beijing Time) Saturday, January 17, 2004

CCB to open Renminbi business in Hong Kong

DISCUSSION

CHINESE

SEND TO FRIEND

The China Construction Bank (CCB), the country's third largest lender, will become the first in the domestic 'Big Four' banks to issue yuan-denominated dragon card in Hong Kong, eastday.com reported today.

According to the plans of the China UnionPay Co Ltd, bank cards with Unionpay mark can be used in Hong Kong before the coming Spring Festival holiday, but whether the plan can be realized or all the member banks under China Unionpay will issue such cards as schedule are depending on the preparations of all the banks themselves, said Su Ke, a spokesman in charge of bank card business with CCB.

As the first one in the Chinese "Big Four" banks invited by the China Unionpay, CCB carried its yuan-denominated dragon cards with Unionpay mark for testing in Hong Kong on January 12, and before that, the lender had completed system transformation to meet the requirements of the new services, Su pointed out.

The CCB's mainland branches will forge a closer relationship with the branches in Hong Kong.

The CCB's Guangdong and Hong Kong branches will offer bank card services for each other, and it is to say, residents in Guangdong Province can handle their local yuan-denominated bank card business in Hong Kong and vice versa, said Zhu Xiaohuang, governor with CCB's Guangdong branch.

(Shanghai Daily)

Questions?Comments? Click here

Minting notable way for HK to be overseas yuan centre

BEA hopes to loan RMB to mainland companies

Macao likely to do RMB trade

Exploration rover "Spirit" lands safely on Mars ( 9 Messages)

Two major state banks to pilot joint-stock system ( 3 Messages)

China pondering its own "green card" system ( 16 Messages)

Roaring BMW: Was it "road rage" or an accident? ( 2 Messages)

Beijing's traffic no longer a headache by year 2008 ( 5 Messages)