(Bloomberg) -- China's bank regulator told the
nation's large and medium-sized lenders to triple the share of
revenue they get from non-interest income over the next five to
10 years, which would bring them more in line with foreign banks.
Fees and commissions from services such as insurance and
mutual fund distribution should account for half of revenue at
nationwide banks, up from the current 17 percent, Tang Shuangning,
vice chairman of the China Banking Regulatory Commission, said in
a statement. City commercial banks should boost the ratio to 20
percent from the current 3.7 percent, he said.
Read more at Bloomberg Emerging Markets News
nation's large and medium-sized lenders to triple the share of
revenue they get from non-interest income over the next five to
10 years, which would bring them more in line with foreign banks.
Fees and commissions from services such as insurance and
mutual fund distribution should account for half of revenue at
nationwide banks, up from the current 17 percent, Tang Shuangning,
vice chairman of the China Banking Regulatory Commission, said in
a statement. City commercial banks should boost the ratio to 20
percent from the current 3.7 percent, he said.
Read more at Bloomberg Emerging Markets News
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