Northeast Normal University Long Card & Hunan University Long Card were issued.

On June 19 and 20, the issuing ceremonies for Northeast Normal University Long Card & Hunan University Long Card were held respectively. Hunan province Vice Governor Xu Xianping, China Construction Bank (CCB) Vice President Fan Yifei, Northeast Normal University’s President Shi Ningzhong and Hunan University’s President Liu Ke attended the related ceremony.

The University Long Card is a credit card based upon the Long Credit Card (dual-currency) and issued by CCB in partnership with well-known universities. It inherits all the features of the Long Credit Card such as consumption first repayment later, dual-currency and 50-day-long grace period. By using this card, teachers and students may purchase goods such as PC, mobile phones, home electrical appliance and furniture by installment and on an interest-free basis. The fresh graduates may request CCB to provide credit reports by filing an application. Cardholders may get the aviation accident insurance for free and get discounts for their consumptions such as foods, goods, books and travel if they use the card to purchase air tickets in designated places. CCB and these two universities not only introduced a credit card up to international standards to the teachers and students but also introduced an international popular consumption concept to higher educational institutes. This card may increase the financial knowledge of the students of these two universities, enhance their wealth management abilities and promote the establishment of student credit system. The Long Card of these two universities may make their alumni feel proud of their alma mater and have a strong sense of identity.

Northeast Normal University and Hunan University are famous university in China, with good reputation and long history, and equipped with experienced teachers and professionals. And both have already educated and fostered tremendous persons with abilities for the countries.

Since the issuance of the Long Credit Card (dual-currency) on August 8, 2003, CCB has been expanding its market share and accelerating product innovation by making the best use of its advantages. CCB has issued the largest number of dual-currency credit cards among the state-owned banks. The launch of these two universities Long Card demonstrates that CCB will make more efforts in promoting the expansion of Long Card with famous universities and make active contributions to the credit establishment in universities.