China's CITIC Industrial Bank has recentlyt launched its Internet
banking services.
The cyber-bank will not only provide banking services at the counters
of CITIC Industrial's over 20 branches nationwide, but also securities,
insurance and mutual fund services belonging to other arms of the
CITIC group.
Guo Danghuai, assistant to the president of the bank, said the launch
of online services marks a major move on the part of the bank to
embrace the challenges represented by China's imminent accession
to the World Trade Organization (WTO).
According to him, the biggest impact to domestic banks after the
entrance of foreign banks will come from Internet services, credit
cards and personal financial services sectors.
CITIC Industrial's Internet services have reported transactions
worth 10 billion yuan during its trial operation, said Guo. |
