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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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Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban
Economy
CBNEditor
-
April 11, 2021
0
One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...
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Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year
Banking
CBNEditor
-
April 11, 2021
0
The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...
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Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator
Economy
CBNEditor
-
April 11, 2021
0
Jack Ma's Alibaba has been slapped with a massive fine by China's market regulator following the launch of an anti-trust investigation into...
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Digital Renminbi Makes Its Debut on Renmin University Campus
Fintech
CBNEditor
-
April 9, 2021
0
Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....
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