Consumers and Retail Banking - China - April 2019
Covered in this report
Consumer and retail banking is defined as the provision of banking services by banks to individual consumers, rather than to companies, corporations or other banks.
For this report, the following services of retail banks are included:
- Savings and transactions
- Debit card and credit card services
- Personal loans and mortgages
- Financial advisory and wealth management services
“The number of accounts held by consumers has been steadily rising, with nearly every internet user in China maintaining a deposit account. By contrast, the credit card market still has plenty of room to grow as consumers are becoming more open-mined towards spending. The development of new technologies and the online channel has given banks a much wider reach. Although fintech companies continue to grab headlines and cast a shadow on commercial banks, physical presence and credibility remain the competitive advantages of incumbent banks in the battle to win consumers’ loyalty.”
– Summer Xia, Research Analyst
This report will cover the following areas:
- Fintech is not the answer to everything
- Private banking is more than retail upgrades
- Where the opportunities for foreign banks lie
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* This is a sample representation of the report layout and does not reflect the research included in this report.
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