--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar


Hot Links
China Development Gateway
Chinese Embassies


China Consumers Turn to Plastic

According to a recent survey by ACNielsen, the credit card (standard and quasi credit card) markets in Beijing, Shanghai and Guangzhou are developing quickly. Card penetration has increased from 18 percent in 2003 to 22 percent this year. China is changing from a cash payment society to one that depends on plastic.

 

ACNielsen conducted a telephone survey of more than 2,700 people between the ages of 18 and 54 in the three cities to study the attitudes of different consumer groups toward important personal financial products, such as banks, credit cards, loans, life insurance and personal investments.

 

Respondents between the ages of 25 and 34 had the highest credit card possession rate, with the number of people with one or more credit cards reaching 35 percent. Beijing has the highest penetration rate in this the age group, with about 39 percent possessing at least one card.

 

Among the many credit cards issued by Chinese and overseas banks, Industrial and Commercial Bank of China's (ICBC's) Peony Card is the most popular, with a possession rate of 13 percent. China Construction Bank's Long Card and Bank of China's Great Wall Card follow, with possession rates of 9 percent and 6 percent, respectively.

 

(People's Daily August 10, 2004)

 

Beijing Taxis Accept Credit Cards
Put It on Plastic
Banks Launch Credit Card
Bankcards Become Popular in Shanghai
China UnionPay to Improve Bank-card Services
China Construction Bank Cash in on Credit Cards
Credit Card Use Mounts
Credit Culture Comes to China
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688