Because of the current state of China's consumer credit market, Western banks that have invested heavily in Chinese banks are still investing in the credit card business and are not making a profit. However, foreign banks have not lost confidence in China's credit card market. Although Chinese consumers are not in the habit of overdraft, the other side of the coin is that the personal debt ratio of Chinese residents is very low, and the personal consumer credit market in mainland China is just beginning to develop, which is very attractive to foreign banks.
text refer to?
The consumption habits of Chinese consumers