SOURCE: Radiant Insights, Inc.

Radiant Insights, Inc.

March 07, 2016 07:00 ET

China Financial IC Card Market Chain Report, 2013-2016: Radiant Insights, Inc.

SAN FRANCISCO, CA--(Marketwired - Mar 7, 2016) - China issued 192 million financial cards in first quarter of 2013 involving the net increase of over 66 million in Q1. The annual growth of overall industry is likely to be 200 million. In 2013, financial IC cards among new bank cards is expected to attain a penetration rate of over 30%. The expansion of financial IC card in china is initially policy driven. The people's bank of china issued the PBOCs opinions on March 15, 2011 which encouraged the transformation of national bank equipment to support financial IC cards.

Beijing Tianjin collaborative expansion should be the first to attain significant breakthroughs in transportation integration etc. Financial ID card is an important technical means to collaborate regional traffic integration development and financial information which played a positive role in growth of regional transport integration.

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Nearly two million Taiwan taxi operators are likely install a POS terminal as Beijing Tianjin launched a pilot taxi IC cards are accepted. Iron bank card was launched directly through the self-service ticket machine travel card. In the next step, in order to achieve the goal of Beijing Tianjin Hebei integration with traffic construction, financial IC card application will also accelerate the Financial IC Card Market over the forecast period.

People's bank of China required AICBC, BOC, CMBC and ABC to issue financial cards prior the end of June 2011. Furthermore, national commercial banks must also issue financial IC cards from January 1, 2013. On addition, all the banks should have issued financial IC cards by 2015; it can generally issue the financial IC cards.
1. Macro-economic Environment in China, 2011-2013

1.1 China's GDP
1.2 Industrial Added Value
1.3 Fixed Investment
1.4 Consumption in Stable Growth
1.5 Import & Export
1.6 Price Level
1.7 Macroeconomic Forecast 2012-2013E

2. Overview of Financial IC Card

2.1 Definition
2.2 Industry Policy
2.3 Global IC Card Promotion
2.4 Global and China Smart Card Development
2.4.1 Global Smart Card Development
2.4.2 China Smart Card Development

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