Chinatrust: Chinese banks lack financial ‘know-how’

Chinatrust Commercial Bank plans to partner Chinese banks through consumer financing education and credit card operations.

A senior executive at Chinatrust commented that most local banks in China are loaded with capital, but lacked the financial ‘know-how’ to use the capital. Hence, Chinatrust would partner China`s banks since Chinatrust has strong financial know-how, especially in consumer banking.

The executive said that Chinatrust is a major bank in Taiwan and should cooperate with similar sized, prestigious banks in China`s bigger cities, as stated in a report in China Economic News Service.

In 2002 Chinatrust aided the China Merchants Bank (CMB), a leading bank in China, in establishing a credit-card operating platform as well as offer training, including staff cultivation, marketing strategies, risk control, personnel management etc. CMB has since become the most successful credit card issuer in China.

Chinatrust reportedly plans to cooperate with a local bank in China to set up a credit-card issuer to tap the huge market. In addition, Chinatrust may also engage in consumer financing and wealth management in China.

Also Read

OCBC Ignite aims to double poly graduate intake

Singapore’s big banks aim for 96% emissions cut by 2050

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia