Group 1 - The core viewpoint is that commercial banks are actively closing credit card centers in various locations due to a shift from growth to a competitive market focused on existing customers [1][3][4] - As of April 30, 2024, nearly 30 banks have closed their credit card centers, with notable closures by Bank of Communications and Minsheng Bank [1][2] - The People's Bank of China reported a decline in the total number of credit cards and loans, with a total of 727 million cards by the end of 2024, a year-on-year decrease of 5.14% [1] Group 2 - The performance of credit card businesses in 2024 reflects a slowdown, with significant declines in card issuance, active card numbers, and consumer spending [2][3] - For instance, Postal Savings Bank reported a credit card consumption amount of 993.1 billion yuan, down approximately 12% year-on-year [2] - The shift in credit card business strategy is characterized by a move from centralized management to localized operations, aiming to provide comprehensive financial services tailored to local customers [3][4] Group 3 - The increasing pressure of non-performing loans in the credit card sector has prompted banks to focus on cost reduction and efficiency improvement [4][5] - Experts suggest that banks should adjust their credit card business strategies to offer differentiated products and services, targeting specific customer segments [4][5] - There is a call for banks to develop early warning models for risk management and enhance the disposal of non-performing credit card assets [5]

Core Insights - The closure of credit card branches by national commercial banks indicates a shift from extensive expansion to refined operations in the industry [1][2][3] - The trend of closing credit card centers is driven by risk control and cost optimization considerations, particularly in regions with economic slowdown and population outflow [2][3] - The transition to localized management of credit card operations is a strategic response to changing market dynamics and aims to enhance operational efficiency [4][5] Summary by Sections Industry Trends - Since April, national commercial banks have accelerated the closure of credit card branches, with notable closures by Bank of Communications, China Minsheng Bank, and Guangfa Bank [1][2] - A total of 28 credit card branches have been closed by these banks since 2025, with a focus on regions like Northeast and North China [2][3] Strategic Shifts - The shift from centralized management to localized operations is highlighted as a core strategy for 2024, allowing banks to leverage local resources and improve service efficiency [4][5] - The closure of redundant branches is seen as a necessary step to optimize resource allocation amid declining card issuance and consumption [3][5] Future Outlook - Experts suggest that banks should focus on digital transformation, risk management, and differentiated product offerings to adapt to the evolving market [6][7] - The move towards online credit card services is viewed as an inevitable trend, driven by the dominance of online scenarios and the advantages of lower costs [7]

4月23日，国家金融监督管理总局浙江监管局发布6则批复，同意交通银行太平洋信用卡中心6家分中心终止营业。 风险方面，交通银行年报显示，截至2024年末，该行信用卡不良贷款总额为125.90亿元，不良率为2.34%，较2023年末 上升0.42个百分点。 交通银行在年报中指出，推进信用卡属地经营转型，健全高质量发展的体制机制保障，增强经营发展动力和活力。交通 银行副行长周万阜亦在业绩会上表示，"出于更好满足客户一体化综合金融服务的需要，同时也是为了更好适应信用卡 业务发展的新阶段要求，我行将信用卡业务模式进行了改革，由过去的集中直接经营，改为分行属地经营，即由分行为 属地客户提供一站式的综合化的金融服务，将信用卡业务纳入到手机零售业务中进行统一经营。" 来源:金融界 据央行发布的《2024年支付体系运行总体情况》，全国共开立银行卡99.13亿张，同比增长1.29%。其中，借记卡91.86亿 张，同比增长1.84%；信用卡和借贷合一卡7.27亿张，同比下降5.14%，一年减少4000万张。 交通银行发布的2024年年报显示，截至2024年末，该行境内银行机构信用卡在册卡量6300.94万张，较2023年末减少 8 ...

Core Insights - The credit card industry is experiencing significant performance divergence among banks, with a notable reduction in credit card stock and transaction volumes in 2024 [1][2] - Banks are adjusting their business strategies and enhancing risk control measures while restructuring their organizational frameworks to adapt to the current economic downturn [1][7] - The credit card business is expected to face both opportunities and challenges as the Chinese economy stabilizes and consumer markets recover starting in 2025 [1][11] Performance Trends - As of the end of 2024, major banks like China Merchants Bank and Ping An Bank reported declines in credit card circulation and transaction volumes, with Ping An Bank's circulation down by 12.92% [2][4] - The total number of credit cards in China decreased by 5.14% year-on-year, with the overall number of bank cards growing only slightly by 1.29% [2][6] Risk Management and Strategy Adjustments - Banks are focusing on risk management and adjusting their credit card business strategies, with an emphasis on improving asset quality and managing risks throughout the credit lifecycle [7][8] - The number of overdue credit card loans has increased, with the total amount of overdue loans reaching 1.42% of the total credit card balance by the end of 2024, the highest level in seven years [5][6] Market Dynamics - The credit card business is transitioning from aggressive growth to a focus on existing customer bases, with banks increasingly prioritizing localized management and tailored services [9][10] - The shift towards refining operations and enhancing customer engagement is seen as a tactical adjustment rather than a strategic retreat, aimed at optimizing resource allocation [9][10] Future Outlook - With the implementation of policies aimed at boosting consumption, the credit card business is anticipated to enter a new growth phase in 2025, supported by the overall recovery of the consumer market [11]