The Chinese Bankers Survey 2016 report is prepared jointly by the China Banking Association (CBA) and PwC. Now in its eighth year, the report keeps track of developments in China’s banking sector from the perspective of a group of bankers.
In light of a more challenging and complicated external environment in 2016, bankers’ expectations on revenues and after-tax profits growth over the next three years are lower than previous years, with credit asset quality being the area of most concern.
With China’s economic structural reform at a critical juncture, Chinese banks are expected to play a more active role in fulfilling social responsibilities by serving the real economy.
In response to “supply-side structural reform”, over 80% of bankers in the survey are committed to adjusting loan portfolios in order to support emerging industries. Banks, they argue, should launch a variety of products and services to support the central government’s initiatives.