Banks to focus on retail clients
By Shi Jing in Shanghai | China Daily | Updated: 2019-04-08 07:49
Sluggish corporate segment makes lenders rethink resource allocation
Chinese commercial banks' latest fiscal results confirm the retail banking segment is receiving greater importance as it now contributes more to their annual income.
The shift in focus comes in the wake of a slowdown in corporate banking and shrinking interest rate differential, experts said.
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