Embracing the Five Major Areas: China Banking Review 2023

May 2024

In 2023, global economic growth was sluggish, with divergent rates of recovery across economies. Although China’s economy has shown stable performance with good momentum after resuming normal development, it is still facing new pressures. The banking industry, confronted with challenges to profitability and to risk and capital management, is exerting great efforts in the Five Major Areas (see page 8).

This report analyses 38 A-share and/or H-share listed banks (see the list on the left for details) that had disclosed their 2023 annual reports as of 10 April 2024. Unless otherwise specified, the banks are listed according to their audited asset size as of 31 December 2023. All data is sourced from public information such as annual reports. Cash values are in Renminbi.

For more information or to discuss the development of China’s banking industry with us, please contact your business contact at PwC, or our financial services team listed in the appendix to this report.