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Ping An to target credit cards, wealth management

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Ping An Bank plans to add five to six outlets in Shanghai at the end of 2008, said Wang Shijun, manager of the Shanghai branch of the bank earlier.

Ping An gained regulatory approval in June to buy Ping An Bank and merge it with Shenzhen Commercial Bank to form Shenzhen Ping An Bank. The bank is a relatively small player, with about 50 outlets in Shanghai, Shenzhen in Guangdong Province and Fuzhou in Fujian Province.

(Shanghai Daily February 29, 2008)

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