Here's how to reap benefits of the 'digitalization in banking' trend
Digitalization in banking is a top trend in the industry but to advance, banks must centre customer concerns and increase international collaboration.
China Construction Bank is a leading large commercial bank in China, established in 1954, listed on both the SSE and the HKEX. At the end of 2022, China Construction Bank had a market capitalization of $158.541 billion. The group is ranked second among global banks in terms of Tier 1 capital. As of 2022, China Construction Bank had total assets of RMB34,601.9 billion. In 2022, it had total operating income of RMB822.5 billion, net profits of RMB323.2 billion and customer deposits of RMB25,020.8 billion. In 2022, China Construction Bank was ranked 24th on the Fortune 500 list.
Digitalization in banking is a top trend in the industry but to advance, banks must centre customer concerns and increase international collaboration.
This column uses data of nearly 550,000 firms in 69 countries to show how government debt affects corporate investment.