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Chinese credit cards
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Chinese credit cards
Finance
China Removes Restrictions on Credit Card Overdraft Rates for over 700 Million Card Holders
CBNEditor
-
January 11, 2021
0
China's central bank has removed restrictions on the overdraft rates for credit cards, in a major shake up for the country's interest...
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Finance
Chinese Banks See Spike in Non-performing Credit Card Debt Since COVID-19
CBNEditor
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November 16, 2020
0
The non-performing ratios (NPR's) of Chinese credit cards have posted a sizeable increase since the onset of the COVID-19 pandemic.
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Finance
Chinese Bank Cards Increase 8.9% YoY in 2019 to 8.53 Billion
CBNEditor
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September 24, 2020
0
A new report from the peak body for the Chinese banking sector points to robust growth in bank cards in 2019.
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Banking
Non-performing Credit Card Debt Rises amongst Chinese Banks During First Half of 2020
CBNEditor
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September 6, 2020
0
Chinese banks have seen a sizeable rise in non-performing credit card debt in the first half of 2020, as the COVID-19 pandemic...
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Finance
Bank of Beijing Teams up with JD.com’s Fintech Subsidiary to Launch Joint Credit Card
CBNEditor
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August 4, 2020
0
Municipal lender Bank of Beijing has teamed up with JD.com's fintech vehicle JD Digits (formerly JD Finance) to issue a new credit...
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Banking
China Construction Bank’s Credit Card Users Exceed 100 Million
CBNEditor
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July 31, 2020
0
Big state-owned lender China Construction Bank (CCB) has announced that the number of its credit card users has exceeded the 100 million...
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Finance
American Express Becomes First Foreign Payments Network to Grab Approval to Operate in China
CBNEditor
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June 14, 2020
0
American Express's joint-venture in China has just grabbed approval from the Chinese central bank to engage in bank card clearing operations.
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Banking
Chinese Credit Card Issuance Drops in First Half, Delinquency Rates Rise
CBNEditor
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September 5, 2019
1
Growth in active credit cards in China plunged in the first half of 2019, with a number of major banks seeing a...
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Banking
Growth in Chinese Bank Credit Transactions Hits Five Year High of 24.9% in 2018
CBNEditor
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June 25, 2019
0
China's credit card numbers and credit card transaction amount both saw surging growth in 2018.
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Banking
Per Capita Bank Card Ownership in China Hit 5.46 in 2018, Average Card Spending at 12,200 Yuan
CBNEditor
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March 19, 2019
0
A new report from the Chinese central bank on the domestic payments points to an ongoing rise in per capita bank card...
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KPMG Releases List of China’s Top 50 Fintech Companies in 2020
Fintech
CBNEditor
-
January 20, 2021
0
Accounting giant KPMG has just released its latest list of the leading fintech companies in China.
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China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19
Economy
CBNEditor
-
January 20, 2021
0
The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...
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Beijing Aims for Internet of Things Security Standards by 2022
Economy
CBNEditor
-
January 20, 2021
0
The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...
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TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function
Fintech
CBNEditor
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January 20, 2021
0
Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...
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