On November 30, China Construction Bank (CCB) and Fuzhou University held a grand ceremony, launching the University Long Card for Fuzhou University in the Great Hotel of West Lake. Fan Yifei, CCB Vice President, Wang Yusheng, Chairman of Fuzhou University, Wu Minsheng, President of Fuzhou University were present at the event.

As a credit card jointly launched by CCB and well-known institutions of higher learning, University Long Card is born out of the bank’s Long Credit Card (Dual Currency) and offers all of its functions including consumption first and repayment second, dual currency and a maximum grace period of 50 days. Furthermore, using the card, teachers and students can buy products such as computers, mobile phones, appliances and furniture on installment free of interest and fresh graduates can apply to CCB for credit report. Buying air tickets at designated sales outlets with the card, holders will get free expensive air travel accident insurance. They also enjoy discounts offered by CCB’s merchants. After this issuance ceremony, CCB and Fuzhou University will launch Fuzhou University Long Card in the early period of 2007, which not only provides the university with a credit card up to international standards but also introduces the worldwide popular consumption concepts in the campus. It will help Fuzhou University’s students develop financial knowledge and wealth management skills and facilitate the establishment of student credit system in Fuzhou University. Also the follow students of Fuzhou University who hold the card will have a sense of pride of their Alma Mater.
 

Fuzhou University is a key university in China’s National 221 Program. Since its establishment, it has fostered a large number of outstanding talents and made great contributions to the rejuvenation and prosperity of China. CCB and Fuzhou University have maintained a long-term cooperative relationship. The issuance of Fuzhou University Long Card for the teachers and enrolled and graduated students of UIBE will enable CCB and Fuzhou University to jointly develop a well-known University Long Card brand in China.

Since releasing the Long Credit Card (Dual Currency) on August 8, 2003, CCB has witnessed continuously expanding market share and accelerating product innovation. It has issued the largest number of dual-currency credit cards among 4 biggest state-owned commercial banks in China. The launch of Fuzhou University Long Card reflects the efforts of CCB to promote Long credit card in leading universities and help universities build their credit system.