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CNTO and the Industrial and Commercial Bank of China (ICBC) Sign MOU


The Industrial and Commercial Bank of China (ICBC) recently launched the very first credit cards issued by ICBC in the United States. A memorandum of understanding was signed betwenn ICBC (USA) and China National Tourist Office, New York to strengthen the cooperation for activities surrounding China-U.S. Tourism Year 2016.

Mr. Yaping Xue, Director of China National Tourist Office, New York and Mr. Xintao Luo, President & CEO of Industrial and Commercial Bank of China (USA) celebrated the signing of the MOU on April 26, 2016 in New York City. Together, ICBC and CNTO encourage the rapid development of tourism between China and the United States, with the goals of enhancing travelers’ experiences, providing better financial services to travelers in each others’ countries, broadening the appeal and helping to maximize the economic and social benefits of international travel, and promoting the China-U.S. Tourism Year 2016.

The largest bank and card issuer in China is offering new credit cards featuring two brands, Union Pay and Visa, for the needs of Chinese visitors to the United States who seek bank services, as well as Americans traveling to China who find it difficult to make payments without cash.

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Approximately 2.7 million Chinese traveled to the United States in 2015, and about 2 million Americans made trips to China, and the numbers are growing. About 300,000 Chinese students are studying in the United States. With 2016 declared the China-U.S. Tourism Year, the new credit cards provides convenience to travelers from both sides.

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China’s Tourism Market Embraces Growth


According to a report from the National Academy of Economic Strategy and Tourism Research Center of the Chinese Academy of Social Sciences, China’s booming domestic tourism market saw more than 120 million Chinese people traveling overseas in 2015. Statistics from the Japan Tourism Agency showed that the number of Chinese tourists visiting Japan in 2015 reached 4 ...Read More

New Policies Offer Greater Convenience for Visitors to Beijing


Beijing is encouraging more tourists to visit China’s capital city through more convenient travel regulations, including a tax-refund and a 72-hours transit without visa (TWOV) policy. Beijing welcomes fewer tourists every year than its outbound travelers, pushing the city to adopt more policies to make trip to the ancient Chinese capital easier and attractive. ...Read More

New Giant Pandas in Shanghai Zoo


Two giant pandas – Xing Er and Ya Er – recently arrived at their new home in Shanghai Zoo. The two male pandas, both two-and-a-half years old, are cousins who were raised in Chengdu Research Base of Giant Panda Breeding in southwest China’s Sichuan Province. The younger of the two, Ya Er, was timid and sensitive to the new environment, at first refusing to en ...Read More


  • 04/28/2016 CNTO and the Industrial and Commercial Bank of China (ICBC) Sign MOU...Read More
  • 04/28/2016 China’s Tourism Market Embraces Growth...Read More
  • 04/28/2016 New Policies Offer Greater Convenience for Visitors to Beijing...Read More
  • 04/28/2016 New Giant Pandas in Shanghai Zoo...Read More
  • 04/28/2016 Historic Majestic Theatre Re-opens in Shanghai...Read More
  • 04/28/2016 Silk Road-themed Relics Exhibition Opens in Central China...Read More
  • 04/19/2016 CNTA Debuts Promo Video for the First World Conference on Tourism for Development...Read More
  • 04/19/2016 CNTO and Partners Sponsor LA Times Festival of Books...Read More
  • 04/19/2016 CNTA and Visa Sign 2016 China-U.S. Tourism Year Promotion Cooperation Plan...Read More
  • 04/19/2016 Jinshanling Section of the Great Wall Welcomes 1,000 American Tourists...Read More
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