Sou Hu Cai Jing·2025-04-24 11:26Group 1 - The core point of the news is that the China Banking and Insurance Regulatory Commission has approved the termination of operations for several branches of the Bank of Communications Pacific Credit Card Center in Zhejiang province, including branches in Jinhua, Jiaxing, Hangzhou, Wenzhou, Huzhou, and Shaoxing, which must cease all business activities immediately and return their licenses within 15 working days [2] Group 2 - According to the People's Bank of China, as of 2024, there are 9.913 billion bank cards issued nationwide, a year-on-year increase of 1.29%. Among these, debit cards account for 9.186 billion, up 1.84%, while credit cards and loan cards have decreased to 727 million, a decline of 5.14%, equating to a reduction of 40 million cards [3] - The Bank of Communications reported that as of the end of 2024, its domestic credit card issuance was 63.094 million, a decrease of 8.3148 million cards or 11.66% from the end of 2023. The credit card loan balance reached 538.404 billion yuan, an increase of 9.94% year-on-year, with auto installment loans rising by 67.416 billion yuan, a significant increase of 240.10% [3] Group 3 - The Bank of Communications' annual report indicates that as of the end of 2024, the total amount of non-performing loans for credit cards was 12.590 billion yuan, with a non-performing loan ratio of 2.34%, which is an increase of 0.42 percentage points from the end of 2023 [5] - The bank is transitioning to a localized credit card business model to better meet customer needs for integrated financial services and adapt to new requirements in credit card business development. This involves shifting from centralized operations to branch-based localized operations, integrating credit card services into mobile retail business [5]