Monday, April 12, 2021
Tags Chinese credit cards

Tag: Chinese credit cards

China Removes Restrictions on Credit Card Overdraft Rates for over 700 Million Card Holders

China's central bank has removed restrictions on the overdraft rates for credit cards, in a major shake up for the country's interest...

Chinese Banks See Spike in Non-performing Credit Card Debt Since COVID-19

The non-performing ratios (NPR's) of Chinese credit cards have posted a sizeable increase since the onset of the COVID-19 pandemic.

Chinese Bank Cards Increase 8.9% YoY in 2019 to 8.53 Billion

A new report from the peak body for the Chinese banking sector points to robust growth in bank cards in 2019.

Non-performing Credit Card Debt Rises amongst Chinese Banks During First Half of 2020

Chinese banks have seen a sizeable rise in non-performing credit card debt in the first half of 2020, as the COVID-19 pandemic...

Bank of Beijing Teams up with JD.com’s Fintech Subsidiary to Launch Joint Credit Card

Municipal lender Bank of Beijing has teamed up with JD.com's fintech vehicle JD Digits (formerly JD Finance) to issue a new credit...

China Construction Bank’s Credit Card Users Exceed 100 Million

Big state-owned lender China Construction Bank (CCB) has announced that the number of its credit card users has exceeded the 100 million...

American Express Becomes First Foreign Payments Network to Grab Approval to Operate in China

American Express's joint-venture in China has just grabbed approval from the Chinese central bank to engage in bank card clearing operations.

Chinese Credit Card Issuance Drops in First Half, Delinquency Rates Rise

Growth in active credit cards in China plunged in the first half of 2019, with a number of major banks seeing a...

Growth in Chinese Bank Credit Transactions Hits Five Year High of 24.9% in 2018

China's credit card numbers and credit card transaction amount both saw surging growth in 2018.

Per Capita Bank Card Ownership in China Hit 5.46 in 2018, Average Card Spending at 12,200 Yuan

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

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...

Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator

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...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....