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Transactions via China's Internet banking up 15.3 pct on quarter in Q3

2015-12-01 16:35

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Transactions processed via Internet banking services in China amounted to 433.6 trillion yuan in the period from July to September, up 15.3 percent on a quarterly basis, according to a report by EnfoDesk.

As of end-September, China's big five state-owned banks had a combined share of 70.7 percent of China's Internet banking market, the report showed.

The five banks are Industrial and Commercial Bank of China (01398.HK; 601398.SH), Agricultural Bank of China (01288.HK; 601288.SH), Bank of China (03988.HK; 601988.SH), China Construction Bank (00939.HK; 601939.SH), and Bank of Communications (03328.HK; 601328.SH).

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