Are the top 10 Chinese banks the engines of Chinese growth? Looking at average return on assets (ROA) of each region, the best performing regions are Jiangxi, Zhejiang and Anhui, not the major commercial centres of Shanghai or Beijing, as one might expect.
The largest return on assets in China in 2009 was Bank of Taizhou from Zhejiang, with 2.48% ROA, in comparison with 0.75% for Agricultural Bank of China – one of China’s biggest banks. It seems Investors should not neglect China’s lesser-known regions.
Want to know more about China? Watch out for coverage of China in the Top 1000 World Banks in July and the Top 50 Chinese banks in September.
