Dec 13 - Personal Lending is Quickly Becoming an Important Part of Chinese Banking Business

Source: China Securities Journal, ChinaScope Financial (Data)

+   “Wholesale banking makes money now, but retail banking will make money in the future,” is a commonly shared sentiment among China’s bankers.

+   Retail banking plays an increasingly important role in China’s banking industry, with personal lending growing particularly rapidly.

+   As the banking industry is undergoing strategic adjustment, personal lending is in a phase of rapid growth.

+   Related Data: Corporate Loans, Personal Loans

+   Related Companies: Chongqing Rural Commercial Bank (HKEX:3618), Bank of Beijing (SSE:601169), Bank of Ningbo (SZSE:002142), Bank of Nanjing (SSE:601009), Agricultural Bank of China (SSE:601288), Bank of China (SSE:601988), China Construction Bank (SSE:601939), Bank of Communications (SSE:601328), Industrial and Commercial Bank of China (SSE:601398)

Personal Loans: Grows Slightly in the Five National Banks and Increases Steadily in City Commercial Banks since the onset of 2011. 

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