Starting from 20 1 1, both ICBC and Bank of China are issuing magnetic stripe cards. They are required to stop issuing magnetic stripe cards on 20 15. Small and medium-sized banks have begun to prepare for this kind of card issuance. At first, due to cost considerations, it may be issued from VIP users and platinum cards, and part of it will be used for social security finance. IC cards are mainly used in these aspects.

The issuance of IC cards will gradually increase. Because of its high cost, banks must be in a slow transition stage, but according to the regulations of banks, they should stop issuing on 20 15, and only IC cards are allowed to be issued in the future, and magnetic stripe cards are not allowed.

After 20 15, no matter whether the card is processed or replaced, it is a chip card. The general production cost is one copy of 40 yuan, except for special events in individual regions.