FWD Hong Kong and Bank of Communications Hong Kong Branch Launch the “Bank of Communications FWD Credit Card”

Further strengthening the long-term strategic partnership of the two companies


HONG KONG, 24 July 2014 - FWD Hong Kong and Bank of Communications Co., Ltd. Hong Kong Branch (“Bank of Communications Hong Kong Branch”) join hands to launch the “Bank of Communications FWD Credit Card” (“co-branded card”), further strengthening the long-term strategic partnership of the two companies.

Both FWD Hong Kong and Bank of Communications Hong Kong Branch have established esteemed positions in their industries. With the joint efforts of the two active industry players, the co-branded card offers their customers a suite of innovative and tailor-made insurance offers and spending rewards.

Officiating at the card launching ceremony, David Wong, Chief Executive Officer, Hong Kong & Macau and Executive Vice President, Greater China of FWD, commented, “The Bank of Communications Hong Kong Branch has been an important partner of FWD Hong Kong for many years. Our long-term cooperation has achieved synergy benefiting both businesses’ growth.” Wong continued, “The launch of the co-branded card marks a milestone in our strategic partnership. FWD Hong Kong will leverage the well-established credit card services, branch network as well as the large customer base of Bank of Communications Hong Kong Branch, to bring a wide range of innovative insurance and financial planning products and services to the consumers. Customers who settle their FWD policy premiums with the co-branded card will be able to earn bonus points to enjoy cash rebates or mileage, further adding value and convenience to the customer experience.”

Ms. Nancy Chan, Deputy Chief Executive, Bank of Communications Hong Kong Branch, added, “We are pleased to have the co-branded card launched, and join hands with FWD Hong Kong to offer our customers integrated services of insurance and credit card.” Chan continued, “Co-branded cardholders can earn bonus points when they settle premiums through either insurance advisors or using Direct Debit Authorization service. Moreover, the co-branded card comes with a premium installment plan. While enjoying annual premium payment discounts and bonus points, cardholders can repay the premium in 12 months. With another key theme of healthcare, double bonus points will be rewarded for all spending at local hospitals, clinics and health check centres”.

Following the co-branded card project, further joint initiatives are ahead, such as the exclusive distribution of selected medical and critical illness insurance products, which will further enrich the selection of protection and financial planning products for the bank’s customers. FWD Hong Kong will also provide in-branch assistance at Bank of Communications Hong Kong Branch’s network.

Both FWD Hong Kong and Bank of Communications Hong Kong Branch aspire to bring to their customers new experiences with the co-branded card, providing multi-dimensional convenience in the lifestyle, healthcare, protection and financial planning aspects of customers’ daily lives.

To learn more about the co-branded card, please visit www.bankcomm.com.hk, or via FWD 24-hour Customer Service Hotline at (852) 3123 3123, Bank of Communications Hong Kong Branch Customer Service Hotline (852) 2239 5559 or Platinum Card Hotline (852) 2269 9888.


FWD Hong Kong and Bank of Communications Co., Ltd. Hong Kong Branch jointly launched the “Bank of Communications FWD Credit Card”, further strengthening the long-term strategic partnership of the two companies.


From left to right: 
Ms Erica Chan, General Manager, Card Centre, Bank of Communications Co., Ltd. Hong Kong Branch
Ms Nancy Chan, Deputy Chief Executive, Bank of Communications Co., Ltd. Hong Kong Branch
Mr David Wong, Chief Executive Officer, Hong Kong & Macau and Executive Vice President, Greater China, FWD
Ms Shelyne Shum, Chief Partnership Distribution Officer, FWD Hong Kong


About FWD Hong Kong
FWD is the insurance business arm of the private investment group, Pacific Century Group. FWD’s business spans Hong Kong, Macau, Thailand and the Philippines, offering life insurance services, as well as general insurance, employee benefits and financial planning services in Hong Kong. In addition, FWD has a brand presence in Indonesia. FWD’s strategic focus is to leverage technology to enhance customer experience, deliver innovative products, and invest in talent to create a leading pan-Asian life insurer that changes the way consumers feel about insurance.

FWD Hong Kong’s life insurance operating entity, FWD Life Insurance Company (Bermuda) Limited is assigned strong financial strength ratings of “A-” by Standard & Poor’s, “A3” by Moody’s and “A” by Fitch.

For more information please visit www.fwd.com.hk


About Bank of Communications Co., Ltd.
Founded in 1908, Bank of Communications Co., Ltd. (Stock codes: A shares 601328, H shares 03328) is one of the banks with longest history in China as well as one of the note-issuing banks in modern China. The Bank was listed on the Hong Kong Stock Exchange in June 2005 and on the Shanghai Stock Exchange in May 2007. The Bank currently has 202 domestic branches, comprising 30 provincial branches, 7 branches directly managed by the Head Office and 165 managed by provinces. It has also established 2,690 banking outlets in 215 cities and 159 counties nationwide. In addition, the Bank has set up 12 overseas institutions, comprising branches in Hong Kong, New York, San Francisco, Tokyo, Singapore, Seoul, Frankfurt, Sydney, Macau, Ho Chi Minh City, Taipei and Bank of Communications (UK) Co., Ltd. The Bank’s development strategy is to become “a first class listed universal banking group focusing on international expansion and specialising in wealth management”.



Media Enquiries:

FWD Hong Kong
Liza Wong
liza.wong@fwd.com
+852 2850 3986
Catherine Tse
catherine.nc.tse@fwd.com
+852 2850 2908
Jacqueline Choy
jacqueline.yl.choy@fwd.com
+852 2850 2177
General Manager Office, Bank of Communications Co., Ltd. Hong Kong Branch
Sting Chan
gao@bankcomm.com.hk
+852 2841 9525
Margaret Chan
gao@bankcomm.com.hk
+852 2841 9670