Group 1 - The credit card business is currently focused on cost reduction and efficiency improvement, with a shift towards a stock competition era where product benefits are diminishing [1][4] - A state-owned bank announced that starting from September 14, 2025, litigation-related fees due to overdue credit card accounts will be included in the statement of the involved credit cards, which includes various fees such as litigation fees, arbitration fees, and others [2][3] - The People's Bank of China reported a decline in the total number of credit cards issued, with 727 million cards as of the end of 2024, a year-on-year decrease of 5.14% [3][4] Group 2 - Over 40 bank credit card centers have been approved to cease operations this year, indicating a significant shift in the credit card market from growth to stock competition [4] - The competitive landscape for credit cards is intensifying, with traditional banks facing pressure from emerging fintech companies that offer similar consumer finance products, leading to a reduced reliance on credit cards by consumers [4] - The role of credit cards is evolving, as mobile apps are increasingly used to connect with retail customers, diminishing the traditional utility of credit cards in customer data accumulation and cross-selling [4]