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Personal Lending is Quickly Becoming an Important Part of Chinese Banking Business

Source: China Securities Journal, ChinaScope Financial (Data)
+   “Wholesale banking makes money now, but retail banking will make money in the future,” is a commonly shared sentiment among China’s bankers.
+   Retail banking plays an increasingly important role in China’s banking industry, with personal lending growing particularly rapidly.
+   As the banking industry is undergoing strategic adjustment, personal lending is in a phase of rapid growth.