Industrial and Commercial Bank of China (ICBC) and Shangri-La Hotels and Resorts jointly held a press conference at China World Summit Wing Beijing to announce the launch of the 'ICBC Shangri-La Credit Card'.

Shangri-La is ICBC’s first co-branded credit card hotel partner. ICBC Shangri-La Credit Card is also China’s first high-end platinum credit card that uses a metallic logo of card networks. 

According to the latest data released by Payments Source, the number of credit cards issued by ICBC has reached 115 million, making ICBC the world’s largest credit card issuing bank. In addition, the annual spending and loan balance of ICBC credit cards have reached RMB 2.8 trillion and RMB 430 billion, respectively.

Taking the lead in the industry, ICBC has initially realized its goal “to be the world's largest card issuing bank and create China’s no.1 credit card brand”. ICBC’s comprehensive strength is being steadily transferred to the new driving force to serve the entity economy and promote economic transformation and upgrading.

A renowned luxury hotel group, Shangri-La currently operates 98 Shangri-La, Hotel Jen, Kerry and Traders hotels worldwide. The group’s well-known loyalty programme, Golden Circle, is celebrating the fifth anniversary of the Golden Circle Award Points programme this year.

In five years, Golden Circle membership has increased from 1.7 million to 4.5 million, with members based in China accounting for 38 per cent. Golden Circle has been continuously redefining what loyalty is to customers and elevating reward and recognition to create ultimate experiences for guests.

The partnership between ICBC and Shangri-La is built on the shared value by both brands to consistently provide customers with excellent services and exclusive rewards.

The ICBC Shangri-La Credit Card features ICBC’s special financial function that supports ten foreign currencies in one card.

It uses the chip medium and provides more secure and convenient payment services home and abroad through partnership with UnionPay, MasterCard and VISA. The Card also uses advanced product design of dual numbers, making it an ICBC platinum credit card with full functions as well as a Shangri-La Golden Circle member card for automatic points earning at point of sale.

In addition to the financial functions, the ICBC Shangri-La Credit Card offers unparalleled privileges and benefits for food and room experiences at Shangri-La properties worldwide.