Report Summary
China's credit card market has reported remarkable growth over the past few years, albeit growing from a small base. The country issued more than 50 Million credit cards during 2008, taking the total number of credit cards in circulation to over 150 Million. These numbers are projected to continue growing in the next few years, despite the current economic crisis, says "China Credit Card Market Outlook to 2013".
Factors like rapidly growing middle class, government support and low penetration of credit cards in China are anticipated to drive the future numbers; however, the pace of growth may slow down. Foreign banks will seek to play a more important role in the competition in the domestic market over the forecast period. This is largely due to that the current industry structure is dominated by the state-owned banks such as Industrial and Commercial Bank of China (ICBC), China Merchants Bank and China Construction Bank.
"China Credit Card Market Outlook to 2013" provides extensive research and rationale analysis of the credit card industry in China. The report thoroughly examines the current industry trends which are adding to the growth of the Chinese credit card industry. Forecast in this research has been done considering the possible impact of recession on the industry. In this regard, the report will help clients to have proper insight of the current and future outlook of credit cards market in China.
Report Outline
1 Analyst View
2 Economic Overview
3 Credit Card Industry Performance and Future Outlook
3.1 Number of Cards
3.2 Type of Bank Card
3.3 Card Issuer
3.4 Outstanding Credit Line
3.5 Number of ATMs and POS
4 Industry Analysis
4.1 Favorable Demographics
4.2 Shift towards e-Shopping
4.3 EMV based Smart Cards
4.4 Foreign Banks Extending their Reach
4.5 Government Initiatives
5 Competitive Landscape
List of Figures:
Figure 3-1: Number of Credit Cards (Million Units), Q3 2007 & Q3 2008
Figure 3-2: Credit Cards Penetration by Tier (%), H1 2008
Figure 3-3: Forecast for Number of Credit Cards (Million Units), 2009-2013
Figure 3-4: Share of Credit Cards in Bank Cards (%), Q3 2008
Figure 3-5: Forecast for Share of Credit Cards in Bank Cards (%), 2013
Figure 3-6: Credit Cards Issuance by Major Issuer (Million Units), Q3 2008
Figure 3-7: Shares of Issuers in Credit Card Issuance (%), Nov 2008
Figure 3-8: Outstanding Credit Line of Credit Cards (Billion Yuan), Q3 2007 & Q3 2008
Figure 3-9: Number of ATMs and POS Terminals ('000 Units), 2006-2008
Figure 3-10: Forecast for Number of ATMs and POS Terminals ('000 Units), 2009 & 2013
Figure 5-1: Credit Cards Issuance by Player (%), 2007
List of Tables:
Table 2-1: Economic Overview (2008-2013)
