Risk Analysis and Preventive Measures for Credit Card Business of Commercial Banks

Abstract

In recent years, China's credit card business has developed rapidly and gradually become a new development highlight for domestic commercial banks. However, with the development of credit card business, the risk frequency of credit card business has also increased. How to fully and effectively learn from advanced foreign experience and establish a risk management system suitable for China's actual situation is of great practical significance for resolving the risks of credit card business in commercial banks in China. This article first introduces the types of credit card products and the characteristics of credit card business in Chinese commercial banks. Starting from the current development status of credit card business in Chinese commercial banks, it analyzes the risks existing in China's credit card business, draws on the experience and training of credit card business risk management in the United States and South Korea, and proposes risk prevention measures for credit card business in Chinese commercial banks.