Transforming China's banking experience (Landor Perspectives 2011)
Liang TanLandor
China is developing rapidly. Awareness of new opportunities is increasing, living standards are improving, and attitudes toward personal credit and financial management are changing. The retail banking business has become a potentially high profit industry; China's 1.3 billion citizens routinely bank more than a quarter of their income and hold nearly US$2 trillion in savings combined. As China revises its conservative banking system, numerous opportunities for both foreign and domestic banks arise. It is estimated that 30 percent of future growth and profitability for banks in China will come from...