According to latest data from 2007-2008 China Online Banking Industry Research Report to be released by iResearch, China online bank transaction reached 24580 billion RMB in 2007, that’s an increase of 163.1% sequentially.

Active financial market promotes the development of personal online bank
Enterprise online banking transaction, which increased 157.6% to 23000 billion RMB in 2007, accounts for over 90% of online banking transaction. However, personal online banking is also remarkable. According to iResearch, personal online baking transaction increased 284.6% sequentially to 1580 billion RMB.

iResearch’s study shows that the active financial market has great impacts in personal online banking transaction. During the past two years, the stock market has accelerated the development of personal financial market including funds, notes, stocks, which obviously increased personal online banking transaction. Thanks to the market opportunity, banks improved their products and services, as well as security. All these factors made personal online banking transaction increased much faster than enterprise online banking. iResearch estimated that share of personal online banking transaction will increase steadily and is expected to exceed 10% in 2009.

Opening up of domestic financial market will intensify online banking competition
According to data from iUserTracker, a continuous netizens behavior monitoring software, netizens are paying more attention to online banking service. Online banking user amount keeps growing quickly in 2007. The popularity of online banking service will attract more concern and investment from both domestic and foreign banks.

By interviews with experts, iResearch found that developing online banking business has became an important strategy of most commercial banks. Banks increased investment to online banking business because of its low-cost and convenience. Besides, the rapid growth of China’s e-business and online payment industry also accelerated the development of online banking business.

Meanwhile, with the cancellation of regional and business restrictions to foreign banks, foreign banks development in China has entered a new stage. Online banking, as an advantage business to domestic banks, will achieve rapid growth with its advanced products and services and became a strong competitor.

It calls for attention and cooperation from each party of the industrial chain to solve these problems for further development of the local online banking sector.

Learn more about online banking industry in China please read iResearch China Online Banking Market Research Report 2006.

Page6 III. Industrial Research Background
Page7 IV Concepts & Definitions
Page10 £¨1£©Virtual financial service institution, and the banking network is a virtual digital network.
Page10 £¨2£©Customers can use online banking anytime and anywhere with support of Internet.
Page10 £¨3£©Time and space restriction on banking have become history.
Page15 Basic online banking businesses
Page17 2.1 America
Page18 2.2 Europe
Page19 2.3 Japan
Page20 2.4 Analysis of Typical Online Banking Firms
Page22 3.1 Analysis of China¡¯s Online Banking Industrial Policy
Page25 3.2 Analysis of China¡¯s Online Banking Industrial Chain
Page30 3.4 Analysis of Development Features of China¡¯s Online Banking Market
Page30 Analysis of Development Features of China¡¯s Online Banking Market
Page32 3.5 Analysis of Factors Influencing the Development of Chinese Online Banking
Page33 3.5.2 Negative Factors
Page37 4.2 China¡¯s Online Banking Transaction Scale in 2005-2010
Page37 4.2.1 Personal Online Banking
Page39 4.2.2 Corporate Online Banking
Page70 7.1 Basis Business
Page70 Comparison of Basic Online Banking Business of Major Banks in China
Page71 7.2 New Business
Page72 7.3 Investment & Wealth Management
Page72 Comparison of Investment & Wealth Management Business of Major Banks in China
Page73 7.4 Security Mechanism
Page75 7.5 Comprehensive Comparison
Page77 8.1 The Industrial and Commercial Bank of China (ICBC)
Page96 8.3 Bank of Communications (BoComm)
Page104 9.1 Analysis of Chinese Netizens¡¯ Use of Online Banking
Page110 9.2 Analysis of Use of Personal Online Banking
Page116 9.3 Analysis of Netizens¡¯ Use of Corporate Online Banking
Page122 9.4 Analysis of Use of Online Banking in 2007
Page127 9.5 iResearch Suggestions