Wang Ningqiao, Vice President of China CITIC Bank Credit Card Center, was very touched by this. As a bank executive who has been operating credit card business at home and abroad for many years, Wang Ningqiao was shocked by the advertisements for cashing out credit cards in streets and alleys across the country. He said that the harbinger of the credit card crisis in Taiwan was that one bank began to issue a "cash card" that could withdraw cash, and other banks followed suit, resulting in a flood of credit lines. A newly graduated college student can often easily obtain more than A loan of NT$500,000. In addition to improper consumption, some of these funds also entered the stock market and property market. When bank funds flowed into the capital market, they fueled asset price bubbles. In the end, the bubble burst, causing serious social problems.

Wang Ningqiao said that illegal cash-out of credit cards has attracted great attention from relevant national departments, and a judicial interpretation on illegal cash-out will be issued soon to impose legal restrictions on cardholders and merchants engaged in cash-out. "Credit card problems are inevitable problems that will arise when the credit card business develops to a certain stage. China should learn from the practices of mature markets and impose legislative restrictions on this behavior to increase the cost of violating the law." He suggested.

Shao Xiaofeng, President of Alipay, believes that the key lies in the bank’s customer screening. He said that in the past, various commercial banks were competing to track down the number of card issuances and did not screen customer credit. Now there is an illegal cash-out problem, which is not a bad thing. "It's not too late to make up for the situation before it's too late." He suggested that banks carefully review the online transaction records of credit card applicants to prevent excessive credit extension.