Many banks urgently remind: Using credit card funds to speculate in stocks, the consequences are "very serious".

Recently, the Shanghai Composite Index has been continuously rising, reaching a new high in nearly ten years, and the enthusiasm of residents to enter the market has also rebounded. In recent days, several banks have issued announcements reiterating that credit card funds cannot be used for stocks, funds, and other investment and wealth management fields, and some banks have upgraded regulatory measures for the use of credit card cash advances. Industry insiders believe that banks reiterating the rules for using credit cards are aimed at preventing credit funds from illegally flowing into the stock market and accumulating financial risks. Investors need to use credit cards rationally and invest legally, as this is the bottom line for wealth security and credit protection. Several banks' credit card centers have stated in their announcements that if credit card funds are used for the above or other non-consumer fields, it may result in transaction failure. Ping An Bank's credit card center stated that when the cardholder engages in illegal credit card use or has risk characteristics stipulated by regulatory authorities or identified by the bank, the bank has the right to take risk control measures, including but not limited to warning reminders, early settlement of installments, transaction limits, adjusting credit limits, freezing accounts, emergency freeze, requiring early repayment of non-consumer transactions, and closing merchant transaction permission.