China Banking Newsletter 2020 Review - Creating value together

In 2020, the coronavirus pandemic had a huge impact on the economy in China as well as overseas. China’s banking sector  responded to regulatory calls and actively expanded credit, reduced fees and granted concessions, thus becoming a pillar of the real economic recovery.

This issue of the Banking Newsletter analyzes 38 A- and H-share listed banks that had disclosed their 2020 annual reports as of April 10. Although the pandemic has had a clear impact on the banking sector, operations on the whole remain sound.

Unless otherwise indicated, the banks listed in this issue are ranked according to their audited assets as of 31 December, 2020. Unless otherwise stated, all information is derived from public disclosure and the unit of currency for sums of money is CNY.

For more information or to discuss the development of the banking industry in China, please contact the banking and capital markets team listed in the appendix to this newsletter.

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James Tam

Banking and Capital Markets Leader, PwC Hong Kong

Tel: +[852] 2289 2706

Benson Cheng

Partner, PwC Hong Kong

Tel: +[852] 2289 3128

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