On May 18, 2006, CCB and the University of International Business and Economics (UIBE) held a grand ceremony for the issuance of the University Long Card – UIBE Long Card. Wu Huitao, Deputy General Manager of CCB Credit Card Center and Hu Fuyin, Vice President of UIBE addressed the 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. Using this card, teachers and students in UIBE may purchase goods such as PC, mobile phones, home 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 traveling if they use the card to purchase air tickets in the designated places. By forging a partnership, CCB and UIBE 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 UIBE, enhance their wealth management abilities and promote the establishment of student credit system. The UIBE Long Card may make the alumni of UIBE feel proud of their alma mater and have a strong sense of identity.

UIBE 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 UIBE have maintained a long-term cooperative relationship. The issuance of UIBE Long Card for the teachers and enrolled and graduated students of UIBE will enable CCB and UIBE to jointly develop a well-known University Long Card brand in China.

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. CCB has issued the largest number of dual-currency credit cards among state-owned banks. The launch of UIBE Long Card demonstrates that CCB will make enhanced efforts in promoting the expansion of Long Card with famous universities and make more contributions to the credit establishment in universities.