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Chinese Bank Sees Sharp Increase in On-Line Customers

The China Construction Bank announced Thursday that 40,000 new customers were added to use its on-line banking business in the first half of this year, increasing 40 times over the same period last year.

The bank opened its on-line banking business two years ago, and by the end of June this year the new business had covered 115 large and medium-sized cities, with total clients amounting to 50,000 and monthly trading volume reaching 500 million yuan (about US$61 million).

A spokesman for the bank said that to better serve its clients, it has worked to integrate financial innovations with traditional business, virtual networks with a practical operating environment, and new extension service in line with the changes in the market and clients' demands, so as to satisfy clients' demands.

The bank has constantly increased its input in scientific and technological development to improve its on-line banking system.

He said that to effectively prevent risks related to on-line businesses, the on-line banking system issues electronics certificates to corporate clients through the authoritative China Financial Certifying Center, and introduced the IC card to corporate client terminals for identification.

In addition, the bank has employed state-of-the-art safety technology to establish a highly cryptic and secure special safety system designed to prevent risks and protect clients' interests.

(Xinhua News Agency 07/12/2001)



In This Series

Central Bank Regulates On-line Banking

Streamlining Bank Card System

Canadian Bank Co-operate With Chinese Fund Management Company

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