Bank of China is Offering Yuan Credit Card to Expats!
The Shanghai Administration of Foreign Experts Affairs recently joined hands with the bank to launch a special “fast-track” pilot program to streamline credit card applications for high-end foreign talent in the city.
The Bank of China’s Shanghai branch, located in the historical building at Bund 23, is an ideal partner for this program because it is the nation’s most international bank.
According to spources, there are about 90,000 foreigners in Shanghai with work permits. Out of those, about 13,000 are Type A permits.
To date, 30 foreigners have successfully used the program to obtain local credit cards.
The current pilot program has streamlined the application form to require only a valid passport, a residency permit valid for a year or more and a Type A work permit.
The application process has also been shortened to about two weeks.
The Shanghai Administration of Foreign Experts Affairs said it, too, will track the new program and decide later whether to expand it to other banks.
Thanks for visiting HACOS, and welcome u check back frequently to see the news.
【HACOS】leading business services provider!