Beijing-headquartered China CITIC Bank has launched a new credit card targeting high net worth individuals, especially in the Greater Bay Area, a southern 11-city cluster
China CITIC Bank International (CNCBI) has launched a new credit card targeting the high net worth (HNW) segment, according to a statement. Leveraging an existing partnership with Mastercard, the CNCBI Jewel World Elite Mastercard Card will provide various services and benefits.
Some of the features the card offers include access to private clubs and VIP launches, complimentary green fees at top golf courses and free worldwide travel insurance coverage of up to $500,000 per trip.
«In view of the Greater Bay Area's economic development, the HNW market will continue to exhibit rapid growth. During the first half of this year, CNCBI's private banking new clientele grew substantially by 130 percent compared to the same period last year,» said Peter Yim, executive GM, general banking products, personal & business banking group.
