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■ China Airlines launches card
Targeting frequent fliers, China Airlines (華航) launched a co-branded platinum credit card with ABN-Amro Bank Monday, allowing users to accumulate frequent flyer mileage, enjoy free parking at CKS Airport and take free luxury car rides to the airport. The new co-branded platinum card requires NT$25 in exchange for one mile on China Airlines' Dynasty Flyer Program, while other similar credit cards issued in Taiwan require at least NT$40 in exchange for a single air mile, the company said in a press release. Other privileges include free parking at CKS Airport for 20 days a year, and free rides to the airport in a luxury sedan, the release said.

■ HSBC opens new China branch
The Hong Kong and Shanghai Banking Corp (HSBC) said it opened a new branch in Suzhou of eastern province of Jiangsu, further expanding its network to 10 branches in China, the bank said in a statement yesterday. Located at the Suzhou Industrial Park, the branch will offer a full range of services to local and foreign-invested companies and individuals, the UK-based lender said. "With the opening of our new Suzhou branch, HSBC has established another strong foothold in the heart of the Yangtze River, which has witnessed impressive economic growth," Dicky Yip, chief executive of HSBC's China business, said in the statement.

■ NT dollar slightly up
The New Taiwan dollar traded higher against its US counterpart yesterday, edging up NT$0.004 to close at NT$33.862 on the Taipei foreign exchange market. Turnover was US$580 million.

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