Chinese private banks lack differentiation, says China Banking Association

4 July 2017 | 2 minutes read

China’s embryonic private banking industry lacks a diversity of products and services, Huang Runzhong, secretary-general of the China Banking Association, said at an annual meeting of the association’s private banking committee last Friday. Huang said the lack of differentiation is “significant”. According to Chinese media, a report distributed at the meeting said that to compete, private banks in the country rely…

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