Credit Card Business In China Development Research

Credit card business has gone through a long-long tough way since the first credit card "Great Wall Card" was issued by Bank of China in 1986. Rate of consumption by holding the card is increasing year-by-year with the development of economics and quality of residents' life. The accepting market was administrated in good order thanks for the involving of China Union Pay. As an advanced payment means, credit card has closely related with people, not only preventing from the inconvenient of holding cash, but avoiding the in short supply money to realize the dream "consume first and pay it second". What's more? Credit card business can stimulate consumption, expend domestic demand and push forwards economic growth especially.This essay starts with a rational understanding of credit card business, then indicates the economics theory basis which supports the propagating its belief on a large scale in this business. In America, Hong Kong, Taiwan and Europe, advanced management theory, perfect law environment, strengthened individual reference system and powerful customer service is the most important element that assures the successfully running of credit card business. On research methods, the paper adopts many kinds of them, for example, a combination between theory and practice, general ones and specific ones, norm and real example, comparison and concluding. On composing a piece of writing, a train of thought through explaining the profound in simple terms step by step is used from first to last.The article has many innovations and special viewpoints by researching relative references and scientific researches both home and aboard. For instant, summarizing the development principle we must obey refer to the current situation of domestic credit card market; Regard professional talents introduction and commercial bank credit strengthen as significant factors to discuss; According Credit Consumption Theory with reasons of propagating its belief on a large scale of credit card business even more closely.In a word, the future of the credit card market will be like a big battlefield, not only the keen competition between domestic commercial banks, but the great coming pressure brought by foreign banks. Therefore, the state government, commercial banks, merchants and all the society should take on the extremely difficult duty of credit card business in our country.