All-time high! In 2023, Chinese credit card payments officially exceeded the 4 trillion yuan mark! The Financial Supervisory Commission announced today (15th) the latest statistics. The total amount of credit card spending by Chinese people in one year reached 4.18 trillion yuan, an increase of nearly 20% from 3.49 trillion yuan in 2022. The main reason is that Chinese people’s habits of swiping cards, paying taxes and traveling abroad are higher than in previous years. high relationship. However, there was a drop of 21 billion yuan in December last year compared with November. The banking bureau revealed three major reasons.
All-time high! Chinese people will spend 4.18 trillion yuan on credit cards in 2023, an annual increase of nearly 20%.File photo: Central News Agency
Debt in December was 345.7 billion yuan, a monthly decrease of 21 billion yuan, the Financial Supervisory Commission revealed three major reasons
The Financial Supervisory Commission today announced the latest credit card business market conditions for December 2023 and the whole year. Among them, the amount of transactions in December was approximately 345.7 billion yuan, a decrease of approximately 21 billion yuan from 366.7 billion yuan in November, with an annual growth rate of 3.6%. Lin Zhiji, deputy director of the Banking Bureau, said that there are three main reasons, including the November shopping season and anniversary period, the top five banks have lost tens of billions of dollars, premium payments have been deferred to January, and tourism and catering have also decreased compared with November. Caused by.
Regarding the 21 billion yuan less credit card swiped by Chinese people in December than in November, Lin Zhiji said that in November last year, there were department store anniversary celebrations and the Double 11 Shopping Festival, and the base period was higher. Therefore, the amount of credit card swiped by Chinese people in December decreased compared with November. Five of them Banks experienced the largest decreases, including Bank of China, Taishin Bank, Cathay Pacific Bank, China CITIC Bank and DBS (and Citibank). In addition, some premium payments were postponed to January this year, including Cathay Pacific Bank. Mainly used silver, and the amount of premium credit cards decreased by about 1.1 billion yuan.
In 2023, it will exceed the 4 trillion yuan mark for the first time in history, an increase of nearly 700 billion yuan from the previous year.
However, in 2023, when Chinese people’s post-epidemic consumption exploded, credit card swiping in the first 11 months was still quite strong, driving the amount of Chinese people’s card swiping in 2023 to as high as 4.18 trillion yuan, an increase of 695.8 billion yuan compared to 2022, an increase of about 19.94%, which is also the highest in Taiwan’s history. It exceeded the 4 trillion yuan mark for the first time. Lin Zhiji explained that in previous years, 250 billion yuan was considered a lot in one month, but only two of the 12 months last year were less than 300 billion yuan, showing that “the amount of credit card transactions is gradually increasing every month.”
He further explained that Chinese people have become accustomed to using credit cards as a payment tool, whether for delayed payments or related preferential bonuses, especially in the month when income tax is paid. Therefore, the tax payment habit of Chinese people has been fixed on using credit cards. Looking forward to 2024, he thinks it is difficult to say because overseas travel last year was higher than in previous years, and it may return to normal this year.
As for the number of non-cash payment transactions in 2023, there will be approximately 6.912 billion, and the amount of non-cash payment transactions will be approximately 7.27 trillion yuan. As of the end of 2023, the total number of users of electronic payment accounts was approximately 27.13 million, an increase of approximately 340,000 in a single month. The amount of actual transaction payments collected and paid by agents in December was approximately 14.76 billion yuan, a monthly decrease of 680 million yuan.
-
Yahoo Finance special correspondent Ye Yiru: With more than 20 years of experience in mainstream financial media, from the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small business groups, and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.
2024-02-15 08:38:41
#Alltime #highChinese #people #spend #trillion #yuan #credit #cards #increase
