The Japanese JCB International Company is scheduled to issue credit
cards in China, said Isao Nakanishi, chairman and chief executive
officer of the largest credit card company in Japan in Beijing on
Tuesday.
Under the guidance of the ,
JCB plans to grant card-issuing licenses to some Chinese commercial
banks including Bank of China, Industrial and Commercial
Bank of China, Agricultural Bank of China, China Construction
Bank and Bank of Communications, he said.
With the improvement of the Chinese people's life, their spending
habits are changing dramatically, he said. "More Chinese will
include credit cards in their life."
After China's entry into the World Trade Organization, global
companies issuing credit cards are faced with the "best
opportunities" in China, he said.
Isao Nakanishi expressed his hope of expanding cooperation with
Chinese financial organizations for issuing credit cards.
JCB issues credit cards in 18 countries and regions, with 38.08
million card-holders. The JCB card is accepted in 167 countries and
regions.
(Xinhua News
Agency January 29, 2002)