The pressure for transformation in the Retail Trade of Banks has become prominent, with nearly 30 credit card sub-centers shutting down this year.

On April 28, Gelonghui reported that commercial banks are intensively shutting down remote credit card sub-centers. Recently, the Hebei Financial Regulatory Bureau approved the termination of operations at the Bank Of Communications' Pacific Credit Card Center Baoding branch and Tangshan branch. Just a few days ago, the Pacific Credit Card Center of the Bank Of Communications received approval from the Zhejiang Financial Regulatory Bureau to terminate operations at six branches in Hangzhou, Jinhua, and other locations in Zhejiang. Statistics from reporters show that the pace at which the Bank Of Communications is closing credit card centers at remote branch offices has accelerated, with 23 cases reported this year alone. Additionally, other banks such as Guangfa Bank and MINSHENG BANK are also gradually closing remote credit card sub-centers. The shift of credit card business from vertical management to local operation is a reflection of commercial banks actively retracting their strategies in the context of slowing development in retail business.