ABC SHANGHAI BRANCH LIKELY TO CHARGE PDC'S ANNUAL FEE NEXT YEAR

AsiaInfo Services, November, 2004

AsiaInfo Services 11-23-2004 bank of china[(bchif)] ABC Shanghai Branch Likely to Charge PDC's Annual Fee Next Year SHANGHAI, Nov 23, 2004 (SinoCast via COMTEX) -- Agriculture Bank of China (ABC), a state-owned bank, has worked out a plan that all the branches of ABC should charge an annual fee of CNY 10 (USD1=CNY8.277) for prepaid debit cards (PDC) before December 31, 2004. ABC Beijing Branch has begun to charge annual fee since last week. ABC Shanghai Branch and the three state-owned banks: Bank of China, Industrial Bank of China and China Construction Bank have not states when they will charge annual fee of its prepaiddebit cards. ABC Shanghai Branch has not decided when to charge annual fee, and it will carry out the plan maybe the end of the year or...

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