It is said Bank of America was investing $2 billion in the USA No. 1 mortgage lender, Countrywide Financial. But do you know China Construction Bank is the partner of Bank of America in China?
In China, there are four biggest commercial banks: ICBC( Industrial and Commercial Bank of China), BOC( Bank of China), CCB( China Construction Bank) and ABC(Agriculture Bank of China).
2005 August, Bank of America bought 9% share of CCB.
From 2006 April, both banks’ customers could cash out on each other’s ATM for free. CCB owns 11000 ATMs in China and Bank of America owns 17000 ATMs in USA.
From 2006 October, Bank of America and CCB have announced a joint pilot program to offer free consumer account wire transfer service to and from China.The pilot program is only available in the US at 110 Bank of America locations in Alameda, San Francisco and San Mateo counties. In China, the program is available in nearly 250 CCB locations in Beijing, Shanghai, Guangdong, Zhejiang, Liaoning and Xiamen.
This is good, isn’t it? The customers could save a lot. For the further information of CCB, please refer to: Http://www.ccb.com/portal/en/home/index.html
In China, there are four biggest commercial banks: ICBC( Industrial and Commercial Bank of China), BOC( Bank of China), CCB( China Construction Bank) and ABC(Agriculture Bank of China).
2005 August, Bank of America bought 9% share of CCB.
From 2006 April, both banks’ customers could cash out on each other’s ATM for free. CCB owns 11000 ATMs in China and Bank of America owns 17000 ATMs in USA.
From 2006 October, Bank of America and CCB have announced a joint pilot program to offer free consumer account wire transfer service to and from China.The pilot program is only available in the US at 110 Bank of America locations in Alameda, San Francisco and San Mateo counties. In China, the program is available in nearly 250 CCB locations in Beijing, Shanghai, Guangdong, Zhejiang, Liaoning and Xiamen.
This is good, isn’t it? The customers could save a lot. For the further information of CCB, please refer to: Http://www.ccb.com/portal/en/home/index.html
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