HONG KONG BANK OF FAR EAST WINS 1ST ONLINE BUSINESS LICENSE

AsiaInfo Services, August, 2002

AsiaInfo Services 08-30-2002 Hong Kong Bank of Far East Wins 1st Online Business License HANGZHOU, Aug 30, 2002 (AsiaPort via COMTEX) -- The reporter is told that as approved by the People's Bank of China, the Bank of Far East from Hong Kong becomes the 1st aboard commercial bank to operate "electric network banking service". As said the Guan Dachang of Bank of Far East Shanghai Branch, the People's Bank of China formally informs them that the 7 branches and 1 sub-branch of Far East are allowed to operate "electric network banking service".

The notice clearly stated that the clients and scope of business concluded by this online business must confine to those stipulated in the registration certificate of Bank of Far East. The Bank of Far East have made much...

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