This is the 19th annual China Banking Survey released by KPMG.
Launched in the 11th Five-Year Plan period, this series has
witnessed China's economy transition from high-speed to
high-quality development, and has presented a vivid view of the
country's banking sector in these changing times from
KPMG's perspective. This year's report is structured
similarly to previous versions. The first part mainly consists of
four sections: macroeconomic and financial analysis, industry
developments and trends, strategic insights, and interpretation of
regulatory policies. We have added a section to the industry
analysis section to show comparisons with major developed economies
such as the United States, the European Union, and Japan, with the
aim of helping the industry understand the direction of the
domestic and international environment and policies. The second
section, “Financial Summary of 150 Commercial Banks,”
presents a straightforward overview of the operating results
