Agence Régionale de Développement Paris Île-de-France

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Testimony of Shengliang YANG

CUP representative in France

“China Unionpay (CUP) is the only Chinese credit card group. At the end of 2007, the CUP credit card was accepted by 740,000 retailers in China and 125,000 retailers worldwide.

In 2006 we decided to establish our European head office in Paris, rather than London, for three main reasons. First, Paris is located within the Schengen area. Second, Paris represents an excellent gateway to the Euro zone market. And finally, Paris is a favourite tourist destination for many of our Chinese CUP card holders. Our presence in Paris enables them to access the same services here as in China.