Yes.

The "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks" have corresponding provisions:

Article 49 The card-issuing bank shall establish operating procedures for credit card activation, and shall hold credit card rights before activation. Check the cardholder's identity information. Credit cards whose use contract (agreement) has not been confirmed by the applicant's signature and whose identity has not been confirmed by the activation procedure shall not be activated.

Newly issued credit cards, lost cards, damaged cards, expired cards, etc. must be activated before they can be used by cardholders. No fees may be charged on credit cards that have not been activated by the cardholder.

Extended information:?

Relevant legal provisions of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks":?

Article 55: Single change of bank card institution Investors with a shareholding ratio of more than 5% and who do not fall under the circumstances specified in item 5 above shall submit a written report on the change to the People's Bank of China and the China Banking Regulatory Commission in advance.

When foreign investors acquire bank card clearing institutions, they must implement the management regulations on the security review of domestic infrastructure mergers and acquisitions by foreign investors. If a bank card clearing institution terminates part or all of its bank card clearing business or disbands, it shall submit application materials to the People's Bank of China.

Article 56: The card-issuing bank shall consolidate and manage the credit limits of multiple credit card accounts in the name of the cardholder, the overall credit limit for installment payments, the credit limit for supplementary cards, the credit limit for cash withdrawals, etc., and set The upper limit of the total credit limit.

Baidu Encyclopedia - "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks"