Zhong Guo Jing Ying Bao·2025-05-01 12:37Core Viewpoint - Citic Bank has announced an increase in the single transaction limit for mobile flash payments from 20,000 RMB to 50,000 RMB, aligning with national policies to boost consumption and enhance product competitiveness [1][2]. Group 1: Payment Limit Adjustments - The adjustment of the single transaction limit for mobile flash payments will take effect from June 21, 2025, with a daily cumulative limit of 50,000 RMB per card [2]. - Other banks have also raised their quick payment limits, with some reaching as high as 200,000 RMB for single transactions [3]. Group 2: Reasons for Increasing Payment Limits - Banks are increasing payment limits to support national consumption promotion policies and to meet diverse consumer needs for larger transactions [4]. - The enhancement of risk control capabilities through digital technology allows banks to raise limits while managing potential risks effectively [4]. Group 3: Broader Consumer Support Initiatives - Postal Savings Bank has launched a comprehensive action plan to boost consumption, focusing on increasing financial service supply and enhancing consumer confidence [5]. - Bank of Communications has also introduced a plan to strengthen support for consumption, targeting various consumer scenarios and enhancing financial services for key sectors [6]. Group 4: Additional Measures to Promote Consumption - Banks are encouraged to implement various promotional measures, such as discounts and lotteries, to stimulate consumer spending [7]. - Collaborations with government and e-commerce platforms are suggested to enhance consumer engagement and support [7].