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CARDS & PAYMENTS | Cesar Tordesillas, China
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Number of China's bank cards on the rise

Around 3.23 billion bank cards were issued in China as of the end of the second quarter.


This was an increase of 20.6 percent from the number of bank cards issued a year earlier, and represented a growth rate was 2.6 percentage points registered during the same period last year.

On a quarterly basis, the number of bank cards expanded by 3.9 percent.

Some 302 million credit cards were issued by the end of June, up by 17.4 percent from a year earlier and by 4 percent from the end of March, the statement said.

Credit card loans that were more than six months overdue rose 10.2 percent quarterly to hit 13.27 billion yuan or 2.11 billion U.S. dollars by the end of the second quarter, accounting for 1.5 percent of total credit loans outstanding, the statement said.

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