According to the Yangtze Evening News, by June 2008, Chinese banks had issued a cumulative total of 1.3 billion credit cards, but 70% of these are in a "dormant" state, resulting in a great waste of bank finances.
In recent years, due to intensified market competition, domestic commercial banks have been rapidly expanding their presence in the credit card market, but have not paid sufficient attention to the risks involved. In terms of credit card issuance, in recent years, in order to secure a leading position in the future credit card market, commercial banks have increased their marketing efforts towards low-income groups such as university students.