HSBC expands China reach with new credit cards

HONG KONG - HSBC in China has launched the Bank’s first credit cards in Mainland China – across all cities in the Pearl River Delta (PRD) and 30 other cities across China - as the HSBC Group accelerates investments in Asia.

The launch broadens the range of products offered by HSBC’s Retail Banking and Wealth Management business from current deposit, wealth and mortgage products to consumer finance. The Bank expects credit card business to significantly expand its China customer base with new consumer segments.

Catering to China’s tech-savvy consumers, the credit cards are the first issued by HSBC to carry a full range of digital features including card application, activation, payments, reward and offers, and other servicing capabilities. Customers can apply for a credit card through a digital application process - via internet, mobile or sales tablet.

Customers can also enquire application status, activate their cards, manage their credit card accounts and access other services such as checking balances and conduct instalments through WeChat, in addition to HSBC’s mobile banking application and internet banking platform. www.hsbc.hk (ATI).