The Industrial and Commercial Bank of China is issuing the Peony Jiao Tong Visa in association with Shanghai Jiao Tong University.

Shanghai's largest payment card issuer and Visa International said the card is China's first cobranded university card program. The first person to receive one of the new cards was China's president, Jiang Zemin, a graduate of the university. Other dignitaries became cardholders during a launch of the card in Shanghai on Wednesday.

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