Thursday, January 21, 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’s Fintech Subsidiary to Launch Joint Credit Card

Municipal lender Bank of Beijing has teamed up with'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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KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Accounting giant KPMG has just released its latest list of the leading fintech companies in China.

China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...

Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...