A Research Of The Credit Card Industry In China

As an important part of inter-bank businesses, the credit card business is quite emphasized abroad, especially in most of the international banks, which has been their major business and profit source. However, in Chinese banks, the inter-bank businesses contribute relatively low in proportion of the total revenue. After 20 years' development, the credit card business is still in low level. In the near future, the credit card industry in China will face the shock by the foreign credit card industries. So the most important is to improve the competitive ability of Chinese credit card industry. By a research in the Chinese credit card industry, this article analyzes the factors that restrict the development of the Chinese credit card industry and its potential advantages, as well as the mutual credit card industries in other countries and regions. According to their experiences and problems, the author gives a direction of the further development of the Chinese credit card industry.