央行中英文对照资料-支付系统

The Payment System Operated Well, and Gross Fund Transaction Volume Grew in a Sustainable Manner
Payment statistics in the second quarter of 2010 show that the payment system continued to operate in a stable and efficient manner, transaction volumes kept a rapid growth momentum, with the quarterly transaction value hitting a new historical high; gross fund transactions became more active, with marked increase in trading volume and frequency, hence playing an active role in accelerating gross fund circulation, improving capital utilization efficiency and promoting the recovery of the national economy. With economic activities becoming more brisk, payment transaction volume is expected to rise sharply on a continuous basis.
Notes-based business volumegrew steadily. In the second quarter, there were 215 million notes-based transactions worth RMB68.88 trillion yuan, up 3.6 percent and 8.4 percent respectively year on mercial drafts businesskept the growth momentum, with rapid growth in volume, but declining growth in value. In the second quarter, about 2.1852 million transactions of commercial drafts, or RMB2.51 trillion yuan, were actually settled. The increase in volume and value registered 10.7 percent and 16.8 percent respectively year on year, an accelerationrateand a decelerationrateof 6.4 and 17.7 percentage points respectively from the same period last year. As of the end of the second quarter, a total of 316 institutions were connected to the electronic commercial drafts system; the volume of various businesses of electronic commercial drafts posted quarter-on-quarter growth across the board; about 12,389 issuance transactions were registered, valued at RMB35.887 billion yuan; the number of the acceptance business posted 13,086 transactions, and RMB38,114 billion yuan in value. Advances for overdue commercial drafts roseon a quarter-on-quarter basis. At the end of the second quarter, the advance payment by banking financial institutions nationwide for commercial drafts registered RMB10.541 billion yuan, up 10.1 percent year on year, heightening related risks. Rural credit cooperatives and other financial institutions providing services to the agricultural sector witnessed fast quarter-on-quarter increase in advances for overdue papers. As of the end of the second quarter, advances of rural credit cooperatives rose sharply by 128 percent from the previous quarter, higher than the national average of 10.1 percent, highlighting higher potential risks.
Bankcard issuance continued to grow steadily, but at a decelerated year-on-year rate. As of the end of the second quarter, 2.266 billion bankcards were issued in cumulative terms, up 14.5 percent year on year, representing a deceleration of 7.6 percentage points from the same periodlast year. Specifically, 2.059 billion debit cards were issued, up 13.3 percent year on year, representing a deceleration of 7.9 percentage points. About 207 million credit cards were issued, posting year-on-year growth of 27.4 percent and representing a deceleration of 5.5 percentage points. As of the end of the second quarter, the possession rate of credit card was 0.16 credit cards per person. The credit card possession rate in Beijing and Shanghai exceeded 1 card per person, posting 1.06 and 1.01 cards per person respectively, much higher than the national average level. Bankcards are more accepted by the general public, as evidenced by the sharp increase of bankcard business. In the second quarter, the number of bankcard-based transactions stood at 6.383 billion and RMB57.9 trillion yuan in value, up 32.6 percent and 45.2 percent respectively year on year, representing an acceleration of 13.3 and 21.1 percentage points respectively from the same period last year. The penetration rate of bankcards continued to rise, with bankcard-based consumption playing a marked role in driving domestic demand. In the second quarter, the bankcard penetration rate reached 35.6 percent, an acceleration of 3.9 percentage points from a year earlier. The convenience and speediness of bankcard-based consumption enables bankcards to play an increasingly important role in stimulating consumption,promoting the development of the retail market for consumption goods, and driving domestic demand.The aggregate credit line of credit cardsandthe total amount payableat the end of the period witnesses year-on-year increase, the total amounts payable overdue by over half a year and its share in the total amounts payable dropped in tandem, hence reducing the bad loan loss risks of credit cards. As of the end of the second quarter, the total credit line of credit cards amounted to RMB1.64 trillion yuan, up 39.9 percent year on year, representing an increase of 162.617 billion yuan or 11 percent from the previous quarter; theaggregate amount payable at the end of the periodstood at 287.76 billion yuan, up 53.1 percent year on year, representing an increase of RMB39.177 billion yuan, or up 15.8 percent. In the second quarter, the total accounts payable overdue by over half a year reached RMB7.302 billion yuan, about RMB1.502 billion yuan or 17.1 percent less than that in the first quarter; the share of credit card amounts payable in arrears by over half a year accounted for 2.5 percent of the total amounts payable, 1 percentage point lower from that in the first quarter.