There are 588 million active credit cards and (debit and credit) integrated cards in China as of December 31, 2017, an increase of 26.35% year-on-year according. 123 million of that were issued in 2017, each Chinese owns on average of 0.39 credit card, a 25.82% increase year-on-year.
Banks have been turning its credit card business from offline-only to online and offline integrated, with 51.63% applied online in 2017.
Credit card is not only one of the main channels to acquire new use...
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