The Bank of Communications has teamed up with Haagen-Dazs in a co-branded credit card as it seeks to attract more clients.

The Shanghai-based bank has agreed to set up a credit card company with a registered capital of 2.5 billion yuan (US$366 million) with HSBC to strengthen cooperation. The two banks became partners in the credit card business in 2005.

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• Bank of Communications (BOCOM)
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• China's Bank of Communications net profit rises 40% in 2008

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