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The asset size of Chinese banks reached US$14 trillion in 2010, and bank IT spending reached US$ 11 billion in 2010. Domestic vendors account for most of the market shares in many fields, except for credit cards and wealth management which are dominated by foreign technology. Currently, market concentration in China’s banking industry is very low, with the top ten vendors having only a total of 50% of the entire market share.Join Hua Zhang, Analyst with Celent’s Asian Financial Services Group, as he examines the current banking technology vendor landscape in China, look at vendors’ product features, customer segmentation and strategies moving forward.
This presentation draws on material from the Celent report Chinese Banking Technology Vendor Landscape: The Domestic Players.