Retail banking looms large in the future for lenders in China as financial deregulation weakens profit growth, but it’s a hard realm for foreign banks to crack because of their relevantly small-scale operations By 2020, 40% of bank profits on the Chinese mainland will be generated by retail banking, a fourfold increase from the present.
But The regulatory landscape continues to confront foreign players with respondents this year ranking it their second most significant challenge. The move towards renminbi internationalization and interest rate liberalization topped this list of concerns followed by the creation of the Shanghai Free Trade Zone. It is clear that to be successful in China, it is critical that the foreign players keep on top of regulatory change.
Another major problem for banks in China is facing against third parties. Financial-technology companies in China already have a similar number of clients as the country’s major banks.
This report not only provides data about China’s retail banking sector, but it also includes a sophisticated analysis on the statistics, which adds an accurate story and meaning behind the numbers. This report outlines major trends, challenges, and opportunities about China’s credit card market; debit card competition, the role of branches in China, the mortgage market, the wealth management landscape, the development of mobile banking, in addition to showcasing the strategies and weaknesses of the banks’ strategies in the Chinese market.
Table of contents
1. Forward and Introduction
2. The Dragon Banker’s Methodology
3. Main Domestic & International Regulations Impacting China’s Retail Banking Sector
4. The Emerging Role of Social Media and Big Data in Chinese Retail Banks
5. The Role of Branches: The Competitive Environment, Opportunities, Trends
6. The ATM Market in China: The Battle for Access to Clients and Vender Market Leaders
7. Mobile Banking: Leaders in the Market and Clients’ Preferences
8. Credit Cards: The next Generational Customer, the Use of Credit Cards and Strategies of
9. Retail Lending Market Share in China and Strategies of Major Players
10. Debit Cards in China: The Competition for More Wallet Share
11. Mortgages: The Rise of the China’s Middle Class, Competitive Landscape, Opportunities for
12. China’s Wealth Management Landscape
a. The Current State of the Wealth Management Market in China
b. The Psychological Makeup of Chinese HNWI
c. Independent Market Sizing of Chinese HNWI
d. Current Insights into the Drivers of HNWI Clients
13. Overall Competition of Banks in China’s Retail Market: SWOT Analysis
e. Bank of Communications
f. China CITIC Bank
g. China Merchants Bank
h. China Minsheng Bank
Reasons to invest
The Dragon Banker’s retail banking database is an unparalleled resource and the leading database of its kind. We acquire this information through lengthy interviews with leaders in Chinese retail banking departments, commercial banking departments, private
banking arms, wealth management sectors, and via conversations with regulators. We have acquired data and information from leading scholars within the country, and a survey that targets decision makers who are relevant in the retail banking market in China. With our primary research as the foundation of our intelligence and analysis, we are able to obtain an unsurpassed level of granularity, insight and authority on the retail
banking market in each of the countries and
regions we cover.
Who should invest in this report?
1. International banks that are planning on penetrating the China’s retail banking industry and understanding the strategies of Chinese banks and vice versa.
2. Technology vendors who are interested in understanding the main technologies being
utilized in Chinese banks to gain an advantage in negotiations.
3. Domestic Chinese banks who are seeking to understand the market on a greater level and benchmark their capabilities with foreign banks and their domestic competitors.
4. Private wealth management firms who are seeking to gain a comprehensive view of the China’s HNWI mindset and the country’s competitive landscape.
5. Regulators who are seeking a nonbiased, third perspective on how regulations are effecting China’s retail banking industry.
6. Researchers and analysts who are serious about gaining a deeper understanding of the
retail banking playing field in China.