Saturday, October 31, 2020
Tags Chinese credit cards

Tag: Chinese credit cards

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...

Credit Card Defaults Surge, NPL Rates Exceed 4% in Parts of China

Official data points to a surge in credit card operations in China, triggering concerns amongst the authorities over an accompanying rise in...

PBOC Could Delay Visa and Mastercard’s Renminbi Debuts Indefinitely

The Chinese central bank is stalling on applications made by overseas payment card giants to process renminbi payments, despite the much-vaunted launch of measures...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...