CCB to open Renminbi business in Hong Kong
16/1/2004 16:49
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.
Wendy Zhang/ Shanghai Daily news
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