|
BIZCHINA> Top Biz News
![]() |
|
Related
Bank cards' popularity grows in China
(Xinhua)
Updated: 2008-04-10 10:39 More Chinese apparently prefer plastic, with bank card-based retail sales rising 58 percent last year to 2.99 trillion yuan ($428 billion), the People's Bank of China (PBOC), the central bank, said on Wednesday. Bank card spending, excluding real estate transactions, made up 21.9 percent of retail sales, up 4.9 percentage points year-on-year, the PBOC said in an online statement. As of the end of 2007, there were 1.5 billion bank cards in China, up 32.6 percent year-on-year. The total included 1.41 billion debit cards, up 30.4 percent, and 90.26 million credit cards, up 82 percent. However, Guo Ligen, vice chairman of the China Banking Regulatory Commission, warned in February that banks' information technology (IT) infrastructure lagged their fast-growing card business. He added that 48 percent of banks had serious IT management and risk control problems. The regulator urged banks to upgrade their IT systems to avert possible collapses caused by heavy volume. (For more biz stories, please visit Industries)
|
桑日县| 麻城市| 咸丰县| 三门峡市| 民权县| 抚顺县| 壶关县| 财经| 芦山县| 广东省| 金华市| 清原| 临澧县| 宣化县| 陆川县| 延寿县| 当雄县| 靖江市| 甘肃省| 泰州市| 雷波县| 高邑县| 永州市| 承德县| 文登市| 贡嘎县| 朝阳市| 鹤山市| 张掖市| 青浦区| 自治县| 浮山县| 光山县| 泸定县| 喀喇| 绥芬河市| 高要市| 措勤县| 苏尼特右旗| 吴忠市| 大洼县|