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CMB, HOLA LAUNCHES CO-BRANDED CREDIT CARD

AsiaInfo Services, April, 2007

AsiaInfo Services 04-12-2007 CMB, Hola Launches Co-branded Credit Card SHANGHAI, Apr 12, 2007 (SinoCast via COMTEX) -- China Merchants Bank (CMB), the nation's sixth-largest commercial lender by assets, launched a co-branded credit card with home furnishing store Hola in Shanghai on April 9. The home-decoration-oriented co-branded credit card, cannot only expand the Chinese bank's credit card in number and size, but also is helpful to advocate a better home decoration culture in the mainland. Hola is a home furnishing brand affiliated with Test Rite Group, one of the biggest building material suppliers in the world. The company plans to expand into the south and north areas of the country and plans to open 30 new stores in the mainland by 2008. Hola has been...

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