China Financial IC Card Industry Chain Report, 2013-2016 of Sino Market Insight forecasts that by 2016 China will issue a total of 1.6 billion financial IC cards.
As of the first quarter of 2013, China has issued a total of 192 million financial IC cards, including a net increase of 66 million in Q1. The annual growth is expected to be 200 million. According to the requirements of the People’s Bank of China and China UnionPay, in 2013 financial IC cards among new bank cards shall achieve a penetration rate of about 30%.
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The development of financial IC card in China is primarily policy-driven. On March 15, 2011, the People's Bank of China issued the PBOC's Opinions on Promoting the Application of Financial IC Cards, which stimulated the transformation of national bank equipment to support financial IC cards, and required the ATMs of national commercial banks to accept financial IC cards by the end of 2012, and all networking GPTs that accept bank cards to accept financial IC cards by the end of 2013.
Seen from the promotion of financial IC cards, the People’s Bank of China required ICBC (Industrial and Commercial Bank of China), ABC (Agricultural Bank of China), BOC (Bank of China), CCB (China Construction Bank), BOCOM (Bank of Communications), CMBC (China Merchants Bank) and POSB (Post Office Savings Bank) to issue financial IC cards before the end of June 2011; national commercial banks must also issue financial IC cards since January 1, 2013. By 2015, basically all banks should have issued financial IC cards, and mostly can only issue financial IC card.
Table Of Contents:
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
2.2 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
3. Financial IC Card Industry Chain Development
3.1 Industry Chain Analysis
3.2 Cost Structure of Financial IC Card
3.2.1 Cost Analysis
3.2.2 Card Base Price
3.2.3 Chip Price
4. China Financial IC Card Development
4.1 Bank Financial IC Card
4.1.1 Issue Size
4.1.2 Banks’ Issue
4.1.3 Issuance Quantity Prediction
4.2 Social Security Card Issuance
4.3 Acceptance Environmental Reform
4.4 Driving Force for Development
4.4.1 Safety and Convenience
4.4.2 Central Bank Policy-driven
4.4.3 Financial Functions of Social Security Card Effectively Supports Bank Card IC Upgrade Process
5. Financial IC Chip Market
5.1 Chip Market
6. Financial IC Card Fabrication Market
6.1 Development Overview
6.2 Eastcompeace Technology
6.2.2 Key Financial Indicators
6.2.3 Revenue and Gross Margin by Sector
7. System Integrators
7.1.2 Key Financial Indicators
8. Card Reader Vendors
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