Core Insights - Postal Savings Bank of China (PSBC) has demonstrated a robust performance in its credit card business, capitalizing on national policies aimed at boosting consumption and expanding domestic demand [9] Business Performance Overview - As of the end of the reporting period, PSBC's credit card outstanding balance reached 38.5756 million cards [1] - The total credit card overdraft and other loans amounted to CNY 224.706 billion as of June 30, 2025 [3] - In the first half of 2025, the total credit card consumption amount was CNY 456.442 billion [6] - The non-performing loan ratio for credit cards stood at 1.55%, an increase of 0.07 percentage points compared to the end of the previous year [8] Strategic Initiatives - PSBC has focused on enhancing its credit card business through precise marketing strategies and optimizing customer engagement, resulting in over 40 million users participating in promotional activities, which boosted consumption by over CNY 30 billion [9] - The bank has launched a trade-in project in collaboration with China UnionPay, targeting key consumer sectors such as home appliances and automobiles, providing substantial consumer subsidies [9] - The bank has upgraded its product offerings for high-end customers, introducing premium credit cards that include value-added services in travel, healthcare, and wellness [9] Retail Banking Performance - PSBC has maintained a strong retail banking strategy, with personal deposits reaching CNY 14.22 trillion, an increase of CNY 591.44 billion from the previous year [11] - Personal loans amounted to CNY 4.86 trillion, reflecting an increase of CNY 887.93 billion [11] Revenue Breakdown - For the first half of 2025, the revenue from personal banking was CNY 116.911 billion, accounting for 65.15% of total revenue, while corporate banking contributed CNY 40.746 billion, or 22.71% [12] - The total operating revenue for the first half of 2025 was CNY 179.446 billion, slightly up from CNY 176.789 billion in the same period of 2024 [12]