China's credit card issuance in the first quarter was over 150 million and 42.9% per cent.

Source: Internet
Author: User
Keywords Banks commercial banks credit cards percentage points hairpin
Tags accounting bank credit bank of china business compared consumer consumer business credit
Xinhua Beijing, June 22, the People's Bank of China 22nd released a quarterly payment system operation, as at the end of the first quarter, China's credit card issuance Volume 15 473,100, per capita possession of 0.11 Zhang/person, an increase of 42.9%. In the first quarter, bank card issuers had a slight increase and the number of cards was growing faster. As at the end of the first quarter of 2009, 2,241 members joined the UnionPay network, adding 6 at the end of the fourth quarter of 2008.  Among them, there are 201 domestic member institutions and 40 overseas members. According to the data, as at the end of the first quarter, China's credit card issuance Volume 15 473,100, per capita capacity of 0.11 Zhang/person, increased by 42.9%.  The United States has a 4.39 per capita credit card/person, Brazil 0.95 per person, are far more than our per capita holdings. At the end of the first quarter, the national cumulative issuance of bank cards 188 8.3741 million, compared to the end of the fourth quarter of 2008, 8 7.9849 million increase, growth 4.9%, year-on-year growth of 19%, compared with a year earlier, 10.1%, per capita card volume of 1.42. Debit card Issuance volume of 173 7.901 million, compared with the end of the fourth quarter of 2008 growth of 4.8%, year-on-year growth of 17.3%, the growth rate fell from a year ago 8.8%, accounting for bank card issuance of 92%, accounting for the year-on-year decrease of 1.4%. Credit card Issuance was 15 473,100, up 5.7% from the end of the fourth quarter of 2008, up 43.7% per cent year-on-year, down 49.2% from a year earlier. The rate of debit and credit card issuance slowed down, and the ratio fell further.  At the end of the first quarter, the ratio of debit card issuance to credit cards in China was about 11.55:1. Credit card issuing institutions are mainly state-owned commercial banks and joint-stock commercial banks. As of the end of the first quarter of 2009, the state-owned commercial bank credit card issuing 8 8.9747 million, joint-stock Commercial bank credit card issuance 5 7.1839 million, the year-on-year growth of 42.1% and 42.8% respectively, accounting for the total number of national credit card issuance of 59.1% and 38%.  The amount of credit card per capita has improved greatly, but there is still a certain gap compared with some developed countries. The National Bank card accepting environment improves continuously, the domestic economy developed area bank card accepts the environment to be superior to the underdeveloped area. At the end of the first quarter of 2009, the number of bank cards per ATM in China was 11,000, which decreased by 4.7% in the first quarter of 2008; Each POS corresponds to a bank card number of 980, 20.9% less than the end of the first quarter of 2008. From each province (city, autonomous Region) 4 bank card accepting environment, the economy developed area is better than underdeveloped area. Among them, each million of the number of ATM in the top five in Shenzhen, Beijing, Shanghai, Guangxi and Tianjin, the number of 7.47 units, 5.87, 5.13 units,4.19 Units and 2.46 units. Bank card business continues to grow. The first quarter, the bank card business 427 9.3895 million, the amount of 340 21.382 billion yuan. The number of pens grew 19.4% year-on-year, up 3.8% from a year earlier, up 10.1% per cent year-on-year, down 18% from a year earlier.  Daily business 4 7.5488 million, daily average amount of 3 78.015 billion yuan. The amount of bank card consumer business is growing rapidly. The first quarter, the bank card consumer business 74 6.7404 million, the amount of 12 21.999 billion yuan, the year-on-year growth of 34.5% and 48.2% respectively, accounting for bank card business volume of 17.4% and 3.6%, the consumption amount continues to show a rapid growth trend. 2009 The first quarter of the national social consumer goods retail total amount of 29 39.8 billion yuan, an increase of 15%, accelerated 3.6%, the country introduced a series of policies to stimulate consumption. Bank card penetration reached 27.7% per cent, up 2.1% from the same period in the first quarter of 2008.
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