BIZCHINA / Biz Media Digest
Finance: Bullish stock market boosts personal e-banking
(Shanghai Daily)
Updated: 2007-03-20 15:35
China's bullish stock market greatly stimulated its electronic banking
business last year, the Shanghai branch of China Banking Regulatory
Commission said yesterday.
Personal clients transacted 678.1 billion yuan (US$87.6 billion) via
e-banking to trade in securities markets last year, accounting for half
of the total personal e-banking transactions, it said in an email press
release.
The branch recorded extremely active personal transactions to the
securities markets in the second half of last year, which nearly doubled
that of the first. Shanghai had 19.8 million personal e-banking clients
by the end of 2006, 99.69 percent of whom were registered with Chinese
banks.
Almost 97 percent of personal clients preferred to do banking over the
phone rather than clicking online, said the branch.
The increase of company e-banking business clients was steady in 2006,
given an expanding rate of 11.34 percent in the first six months and
15.87 percent in the second.
Almost 96 percent of the 326,700 company clients have registered with
Chinese banks, said the branch.
(For more biz stories, please visit Industry Updates)
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