BIZCHINA / News |
BoCom to double high-end service outlets(Shanghai Daily)Updated: 2007-06-14 13:22 Bank of Communications will double its high-end wealth management service outlets to 200 in China within 12 months, a senior bank executive told Shanghai Daily this morning.
BoCOM now has 2,800 outlets in nearly 150 cities across China. It plans to open at least one or two high-end wealth management service outlets in every major city, Yip said. The bank's high-end wealth-management services target clients with assets of more than 500,000 yuan (US$65,530), Yip said. The bank, 19.9 percent owned by HSBC Holdings, is grabbing more market share in consumer lending based on HSBC's expertise in developing fee-based services, including credit cards and cash management. (For more biz stories, please visit Industry Updates) |