Welcome to the 18th annual survey by KPMG dedicated to China’s banking industry. With this edition, we delve deep into China's macroeconomic and financial conditions, while also assessing the development and anticipated trajectory of the banking sector. This is paired with our analysis of key regulatory policies and a detailed examination of over 20 significant topics within the industry.

Our report takes a multi-dimensional, in-depth look at the development patterns, primary drivers and future trends of China’s banking industry. We have invited experts from KPMG China’s various banking service lines to analyse key topics including: the government’s five priorities for the banking industry, data resource accounting, high-quality development, and new quality productive forces.  Our report aims not merely at data collation – it’s intended to provide meaningful insights, with a focus on illuminating best practices, innovation and offer practical insights into the sector's real-world operational challenges.

For this edition, KPMG China utilized its extensive experience in financial auditing, collating financial data from 180 listed and unlisted commercial banks in 2023. We selected key indicators based on assets, liabilities, profit, and capital for an in-depth analysis. This has enabled us to highlight key variables that will help guide decision-makers in the banking sector. We hope the findings will further stimulate discussions and advancements within the industry.