3 6 Ke·2025-08-18 07:14Core Insights - The credit card industry is undergoing significant changes, with banks shifting focus from acquiring new customers to competing for existing ones, leading to a rise in installment payment options and a reduction in credit card branches [1][2][4][6]. Group 1: Market Trends - Many banks are actively promoting installment payment options, with some offering discounted rates around 4% annualized [1][5]. - Over 40 banks have closed credit card branches this year, indicating a trend towards consolidation and efficiency in the credit card sector [1][5]. - The total number of credit cards issued in China has decreased, with a drop of approximately 4 million cards year-on-year, marking a 5.14% decline [6]. Group 2: Financial Performance - Credit card delinquency rates have increased for several banks, with Minsheng Bank reporting a delinquency rate of 3.28%, up 30 basis points from the previous year [3]. - Credit card consumption amounts have also declined, with major banks like China Construction Bank and Industrial and Commercial Bank of China reporting decreases in transaction volumes [8]. Group 3: Strategic Shifts - Banks are focusing on high-value customers and enhancing product offerings to improve customer retention and profitability [7][9]. - The industry is moving towards integrating various financial services, such as savings, investments, and loans, to provide a more comprehensive service to high-end clients [9].