We’ve launched our credit card business in China

Standard Chartered Bank (China) Limited (“Standard Chartered China”) today launched its credit card business in China. Targeting mid- and high-end customers, Standard Chartered’s newly launched credit cards combine international and local features.

Leveraging its global network strengths, the Bank has integrated resources and platforms in mainland China, Hong Kong and Taiwan, in order to provide shopping and dining privileges at over 1,000 outlets. In light of the rise of e-commerce and the trend of customers’ spending preferences, Standard Chartered enables card holders to conduct convenient payments and enjoy exclusive consumer rebates.

Jerry Zhang, Standard Chartered China CEO, commented, “As an international bank with more than 150 years of history in China, Standard Chartered is well positioned to support clients, who are increasing their wealth and their appetite for convenient payment options. The launch of the credit card business not only represents a significant milestone in our strategic expansion in China, but also demonstrates our commitment to tailoring services for our Chinese customers’ needs.”

TS Anil, Global Head of Retail Products, Standard Chartered Bank, said, “With the rise of the affluent Chinese and their growing purchasing power, the adoption and usage of credit cards by Chinese consumers is rapidly increasing. Our newly launched credit cards are designed to address the emerging lifestyle needs of Chinese consumers including travel and international payments. We have a strong track record in supporting our customers’ global aspirations based on robust systems and sophisticated services. The launch of credit cards further improves our customer experience.”

For further information, please contact:

Heidi Jiang
Communications Manager, China
+86 21 3896 3479
Li.Jiang@sc.com

Standard Chartered in China

In China, the Bank set up its first branch in Shanghai in 1858 and has remained in operation throughout the past 155 years. Standard Chartered Bank (China) Limited is one of the first foreign banks to locally incorporate in China in April 2007. This demonstrates the Bank’s commitment to the China market, and its leading position as a foreign bank in the banking industry. Standard Chartered has one of the largest foreign bank networks in China – with 25 branches, 78 sub-branches and 1 Village Bank, totally 104 outlets, including the China (Shanghai) Pilot Free Trade Zone Sub-Branch opened in March 2014.