Shenzhen Financial Social Security Card stopped using 20 19.

Shenzhen plans to phase out the use of magnetic stripe social security cards in August 1 day. All cardholders who have not renewed their first-generation or second-generation social security cards should apply for social security cards with financial functions as soon as possible and stop using the original magnetic stripe social security cards.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.