The Bank of East Asia (China) launched the China UnionPay (CUP) RMB credit card on December 23, making it the first foreign bank to issue CUP RMB-denominated credit cards in the Chinese mainland. Foreign banks have diversified their operations in China on... ...full story at People's Daily
from People's Daily on Wed, Dec 24 2008
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| 05 Sep 07 |
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Banks flock to China »
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September 4 - Foreign banks are racing into China to grab an estimated $2 trillion in personal savings.
Bank of East Asia aims to set up a Private bank for millionaires by... |
| 09 Dec 08 |
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China Unionpay, Singapore UOB bank joint issue credit card » People's Daily China's national card network operator China Unionpay (CUP) partnered Singapore's United Overseas Bank (UOB) on Tuesday to issue what it claims the first Singapore bank-issued credit card in China. Both sides hope to target Singaporeans who are... |
| 10 Jan 08 |
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Foreign banks make more RMB-denominated loans » People's Daily Foreign banks performed impressively last year in Shanghai, China's economic hub. Sources with the Shanghai headquarters of the People's Bank of China, the central bank, said on Thursday that RMB-denominated deposits of foreign bank ... |
| 07 Nov 07 |
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China has more than 1.3 billion bank cards » People's Daily Chinese banks had issued more than 1.3 billion debit, credit and semi-credit cards by the end of September, roughly one for every person in China, according to China UnionPay. Bank card consumption as a percentage of China's total r ... |
| 16 Oct 09 |
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China UnionPay launches credit card operations in Philippines » People's Daily China UnionPay (CUP), the lone national bank card payment network in China, has teamed up with Rizal Commercial Banking Corp. (RCBC), one of the Philippines biggest commercial banks, to launch a credit card operations in the Philippines, RCBC said Friday.... |
| 07 May 08 |
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BEA closer to issuing debit cards » People's Daily Bank of East Asia (BEA), one of the first few overseas banks to be locally incorporated on the mainland, has passed central bank tests for its debit card operations, making it the first overseas lender to possibly issue its own debit cards. ... |
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