Household Loans Growing Vigorously in China

With the rising demand for consumer loans, auto loans, and specifically housing loans, the total loans extended to the household segment are anticipated to grow at a CAGR of around 20% during 2011-2014, says RNCOS.

Noida, India (prHWY.com) May 12, 2011 - According to our report "China Banking Sector Analysis", China's banking industry has been at the centre of the country's economic ascendance for the past two decades. Further, due to the underdeveloped capital markets, the banking system has played a pivotal role in the Chinese economy. Despite a heavy slowdown in the economy, the banking sector continued to post healthy growth during the past few years. The country's steady and fast economic growth will lay a solid basis for the development of the commercial banks' main businesses.

As per our research, among the segments, household is the fastest growing loans segment for Chinese banks. Consumer loans, such as home mortgages and loans financing purchases of automobiles and large durable goods have developed at a very rapid pace in China during the past decade. With the growing demand for consumer loans, auto loans, and particularly housing loans, the total loans extended to the household segment are anticipated to grow at a CAGR of around 20% during 2011-2014, says our latest research report.

Further, our report reveals that, despite fast growth and large size of China's banking industry, banking products and services remain highly under-penetrated compared to the international standards. Chinese households are not utilizing their credit market to the fullest as their credit market remains highly underdeveloped.

Additionally, our report discusses each of the banking performance indicators in-detail. Under loans and deposits section, the reports talks about each of the verticals, such as corporate and household loans. Our report also features forecast for each key-banking segment to provide better understanding of the banking sector in the country.

Our report "China Banking Sector Analysis" is an outcome of extensive research and detail study of the banking sector in China. Our report has identified emerging trends and potential areas, such as e-banking, growing acceptance of payment cards, mortgage financing, rural banking, increasing loans to small and medium enterprises, which will decide the future of the banking industry in the country. Additionally, the report analyses the pattern of macro-economic variables and their impact on the banking sector.

For FREE SAMPLE of this report visit: http://rncos.com/Report/IM315.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: china banking industry

Categories: Banking

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