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(MoneyNewsWire.Net, March 10, 2018 ) Retail Banking Country Snapshot: China
The Chinese banking market is opening up to new entrants in order to encourage greater competition within the sector, and investment in banking infrastructure is likely to speed up digital expansion. The market for financial services in China is concentrated, with an oligopoly of five banks that service 72% of the market. Younger age groups use branches more often, meaning there is considerable scope for providers to encourage greater use of digital channels.
Leading Key Companies Players in Global Market: Bank of China, Agricultural bank of China, Industrial and Commercial bank of China, ICBC, China Construction Bank, Bank of Communication, China Merchants Bank, China Minsheng Bank, People Bank of China, China Banking association, Bank of Communications, Bank of Beijing, PaiPaiDai, WeLend, CreditEase
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Scope
This brief reviews the retail banking sector in China, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from our Retail Banking Insight Survey.
The report offers insight into:
- How consumers in China take out and use their financial products, and how this has changed in recent years.
- Which providers dominate the current account, savings, mortgage, and loan markets, and what factors persuaded their customers to choose them.
- The extent to which consumers are using online and mobile channels to research, take out, and use their financial products.
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Reasons to buy
Future proof your strategy with market sizing, forecasts, and analysis of key developments currently affecting China's retail banking sector.
Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.
Learn about the impact new entrants and distribution channels will have on the market.
Table of Contents
1 Business challenges for retail banks
2 Market Dynamics
3 Technology Lifecycle
4 Opportunities for ICT vendors
5 Market size and forecast
6 Future outlook
7 Appendix
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