Chow Tai Fook goes live with renminbi credit cards in Hong Kong
The Hong Kong-based jeweler is using the renminbi more; accepting renminbi cards in Hong Kong and using the liquidity to fund China.
Chow Tai Fook (CTF), the world’s largest listed jeweler by market value, put in place UnionPay and Bank of China (Hong Kong)’s renminbi credit card settlements services at the end of December. When a UnionPay cardholder makes purchases in Hong Kong, CTF will be able to obtain the payment in renminbi directly.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior financial professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
