Corp News

December 12, 2006

DBS Bank Ltd., southeast Asia's biggest bank, plans alliances with Chinese financial companies that have nationwide licenses in China. It will be expanding in 3 major China cities over the next 4 years. More DBS and China banking news. | Shanghai Pudong Development Bank has teamed up with Citibank to launch its new platinum banking credit card in China, which will target high-end business people over 25 years old, earning more than 250,000 yuan per year. More banking and investment news. | Taiwan-based Yuen Fu Yu Group, a large industrial paper company, has plans to open 20 more factories on the Chinese mainland after the success of its $100 million dollar plant which opened last year. The company is best known for its household tissue products under the Mayflower brand name.