Five vie for $10million CMB project

BEIJING - China Merchants Bank has held a five-way pitch for a US$10 million project involving its market-leading credit card business in China.

The quintet reportedly included Euro RSCG, Ogilvy & Mather Shanghai, Y&R and incumbent Shun Ya, which has held the business for more than a year.

China Merchants Bank is the sixth largest lender in China but has over one-third of the Chinese credit card market.