What are the main reasons for the suspension of credit card issuance in China?

The main reasons include stricter regulations, the need for risk management, and changes in the market environment. Specifically, the cleanup of 'dormant cards' and the proliferation of online financial products have played a role.

AI News NQ Analysis

China Sees Wave of Credit Card Suspensions, Volume Down 13.75% from Historical High

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AI Summary (NQ-processed)

Several Chinese banks have announced the suspension of some credit card products, mainly co-branded and themed cards. By the end of 2025, the total number of credit and debit-credit integrated cards was approximately 696 million, a 13.75% decrease from its historical peak. This trend is attributed to stricter regulations, risk control, and changes in the market environment.

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Frequently Asked Questions

Q: What are the main reasons for the suspension of credit card issuance in China?: A: The main reasons include stricter regulations, the need for risk management, and changes in the market environment. Specifically, the cleanup of 'dormant cards' and the proliferation of online financial products have played a role.
Q: How has the number of credit cards issued in China changed?: A: As of the end of 2025, the total number of credit and debit-credit integrated cards was approximately 696 million, a 13.75% decrease from its historical peak in the third quarter of 2022.