2026 marks the 20th anniversary of KPMG’s Chinese Mainland Banking Survey report — a milestone that coincides with China’s remarkable journey from its 11th Five-Year Plan to its 14th Five-Year Plan, during which the country has shifted its focus from the speed of its economic development to the quality of its economic development. Now, we are standing at another historic moment as China ushers in its 15th Five-Year Plan. Through a professional lens, our report tracks and analyses the evolution of China’s banking industry during transformative eras, revealing how it navigates waves of change.
This report illustrates our systematic study of macroeconomic trends, industry developments, regulatory policies, and hot topics, fully demonstrating the opportunities and challenges facing the banking industry amid the evolving conditions. This report focuses on key areas such as China’s “five priorities”, industrial finance, retail finance, the digital RMB, treasury services, and cross-boundary finance, and reveals how banks identify new growth opportunities while supporting national strategies and the real economy. It also delves into topics including artificial intelligence, organisational transformation, trusted data, professional risk management, financial markets, and interest rate risk, to provide insights on how banks can reshape their capabilities for long-term competitiveness. The final section, the “Financial Summary of 200 Commercial Banks,” presents a straightforward overview of the operating results of different types of banks, providing valuable information and references for industry players.
