In­sti­tu­tions is­sue 5.44 bil­lion bank cards

China Daily (Canada) - - BUSINESS -

The to­tal num­ber of bank cards is­sued by China’s fi­nan­cial in­sti­tu­tions reached 5.44 bil­lion at the end of last year, putting av­er­age per capita bank card own­er­ship at 3.99, lat­est data from the cen­tral bank showed. Debit card is­suance reached 5.1 bil­lion and credit cards to­taled 432 mil­lion, ac­cord­ing to a re­port re­leased by the Peo­ple’s Bank of China. As of the end of 2015, fi­nan­cial in­sti­tu­tions had ex­tended 7.08 tril­lion yuan ($1.1 tril­lion) in credit to credit card own­ers, in­creas­ing 26.4 per­cent year-on-year.

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