The 2021 Chinese Private Banks Report provides a comprehensive overview of the 19 private banks currently approved for operation in mainland China.
China launched trials for the establishment and operation of private banks in 2014, as part of broader reforms of the state-dominated banking system.
A key goal of the trials has been to improve financial inclusion in China by encouraging private banks to focus on demographics that have long been neglected by state-owned banks - chief amongst them small private businesses.
The report provides a brief history of China’s private banks, including data on their performance in 2020 and early 2021 based on available reporting materials, as well as a summary of the products and services provided by five representative firms in the sector.
Understanding private banks in China is critical to understanding the country’s efforts to reform the financial system, expand financial inclusion, improve financial services for smaller private companies, and spur the growth of digital online banking.
Table of Contents
I. Executive Summary
II. Background and History
- Overview
- History
- Regulatory Timeline
III. Distinctive Features of Private Banks in China
IV. List of Private Banks in China
V. Geographic Distribution
VI. Registered Capital
VII. Recent Performance of Private Banks in China
- Total Assets, Loans and Deposits of Chinese Private Banks as of End of 2020
- Operating Revenues, Net Profits, NPL ratios and Provisions Coverage Ratios of Private Banks in China
- Comparison of Profits, NPL’s Coverage Ratios, and Capital Adequacy of Different Categories of Banks in China
VIII. Strategies and Positioning of Chinese Private Banks
1. WeBank
2. MYBank
3. Suning Bank
4. Shanghai Huarui Bank
5. Bank of Sanxiang
IX. Regulatory Penalties
- Administrative Penalties Issued to Private Banks in China
X. Conclusion
XI. Glossary
Samples
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ant Group
- Bank of Sanxiang
- MYBank
- Shanghai Huarui Bank
- Sichuan XWBank
- Suning Bank
- Tencent
- WeBank
Methodology
Briefings and reports are developed by a research team of analysts who are bilingual in Mandarin Chinese and English, and possess a wealth of experience in the fields of media, finance and economics.
The publisher reviews and analyses Mandarin-language reports from over one hundred open-access and subscription-based news sources situated based in both China and other parts of the world, in order to obtain timely and detailed information on specific research themes.
They then review and scrutinise Chinese-language primary documentation produced by both private actors and government authorities within China, including financial reports, press releases, regulatory directives and administrative provisions, in order to substantiate and verify our initial findings and provide further detail.
The team collates, analyses and summarises the relevant findings of the research to produce intelligence products that furnish readers with the vital essentials of the key themes in question, as well as critical details and nuances where necessary to heighten understanding and provide insight."
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