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Sunday, 19 May 2024

Our archives on CITIC Bank

Research Notes

Increasing credit card usage opens opportunities for Chinese banks

China Merchants Bank and China CITIC Bank are developing their credit card businesses to stimulate retail income.

Research Notes

China upgrades payments infrastructure to support growth in retail consumption

The People's Bank of China has established an integrated system to connect banks, merchants, and retailers to facilitate increased transactions, which grew 74.5% to $913.5 trillion in 2015. With growing consumer spending, financial institutions in China have to step up to meet the needs of retail clients.

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Our archives on CITIC Bank

Increasing credit card usage opens opportunities for Chinese banks

China upgrades payments infrastructure to support growth in retail consumption