CCB to open Renminbi business in Hong Kong
( 2004-01-18 09:34) (eastday.com)
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.
 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.
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