【Fintech 周报】信用卡三个月少600万张；银行密集发声：信用卡资金不得流入股市

Regulatory Dynamics - In July, the banking sector faced penalties exceeding 225 million yuan, with a record 317 fines issued, marking a significant increase from June's 156 fines totaling approximately 101.57 million yuan [2] - Hubei Xiantao Rural Commercial Bank was fined over 1.41 million yuan for eight violations, including breaches of financial statistics and account management regulations [2] - Online payment company, Wangyin Online, was penalized a total of 9.62 million yuan for illegal activities, including the confiscation of 2.19 million yuan in illegal gains [3] Industry Developments - Zhejiang Province is supporting cross-border payment institutions in applying for global payment licenses as part of its digital trade reform initiative [4] - The People's Bank of China reported a decline of 6 million credit cards in the last three months, while debit card numbers continued to grow steadily [5] - Several banks, including Minsheng Bank, have announced restrictions on the use of credit card funds for stock market investments [6] Corporate Actions - China Bank increased its stake in China Bank Consumer Finance to 47.98%, nearing a controlling interest [7] - Leadership changes occurred in Chengdu Bank and Chengdu Rural Commercial Bank, with mutual appointments of their respective chairpersons [7] - Zijin Bank appointed Que Zhenghe as its new president, marking a significant leadership transition [8] - Zhong An Online reported a 9.3% increase in total premium income for the first half of 2025, with net profit soaring 11 times to 668 million yuan, attributed to a doubling of underwriting profits and improved performance in its digital banking sector [8]