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Insurance cards to have financial functions

By He Dan and Chen Xin | China Daily | Updated: 2011-08-31 07:52

BEIJING - Chinese residents will be able to take advantage of social benefits more easily after receiving new social-insurance cards that give them access to banking services.

The cards were introduced this month by the Ministry of Human Resources and Social Security and People's Bank of China, or China's central bank.

By the end of July, 145 million Chinese residents held social-insurance cards.

Insurance cards to have financial functions

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