China Loan Market, By Type (Secured Loan and Unsecured Loan), By Provider Type (Bank, Non-Banking Financial Companies and Others (Fintech Companies)), By Interest Rate (Fixed and Floating), By Tenure Period (Less than 5 Years, 5-10 Years, 11-20 Years, More than 20 Years), By Region, Competition, Forecast & Opportunities, 2028
Published Date: January - 2025 | Publisher: MIR | No of Pages: 320 | Industry: BFSI | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationChina Loan Market, By Type (Secured Loan and Unsecured Loan), By Provider Type (Bank, Non-Banking Financial Companies and Others (Fintech Companies)), By Interest Rate (Fixed and Floating), By Tenure Period (Less than 5 Years, 5-10 Years, 11-20 Years, More than 20 Years), By Region, Competition, Forecast & Opportunities, 2028
The China Loan Market is anticipated to project robust growth in the forecast period on account of the increasing number of young people considering loans as a better option, low- interest rates, growing demand from new business setups, and ease of availing loans with the increasing internet penetration.
The term "loan" refers to a sum of money that one or more individuals, firms, or other entities borrow from banks or other financial institutions to manage their finances in connection with foreseeable or unforeseen events. By doing this, the borrower establishes a debt that needs to be paid back with interest over a specific period. Loans are found at to everyone, including people, companies, and governments. One borrows money primarily to increase their total amount of found at funds. The interest and fees are a source of income for the lender. The majority of loans made to consumers in China were for homes. The next largest category was credit card loans, followed by personal loans (including auto loans, education loans, etc.).
Increasing Number of Younger Loan Buyers Will Lead to the Market Growth
The younger generation, who are driven to spend using borrowed money, is challenging the traditional Chinese people's economy and their high rate of household savings.
Increasing Internet Penetration Will Boost The Market Growth
Youngsters are fast adopting new payment methods, such as online credit pay services. Installments are undoubtedly a trend and a lifestyle choice.
Decreasing Interest Rate of Automobile Consumer Loan Will Fuel the Market Growth
People's living conditions have gradually improved as living standards have increased. Automobiles are now high-end durable commodities, not just luxury items for the average person. The automotive industry is growing quickly in China as a result of the country's ongoing technological advancement and innovation capacity, and a variety of locally built and manufactured auto brands are being launched to the market.
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Market Segmentation
The China Loan Market is segmented based on type, provider type, interest rate, tenure period, region, and competitional landscape. Based on type, the market is further fragmented into secured loan and unsecured loan. Based on provider type the market is segmented into bank, non-banking financial companies and others (fintech companies). Based on interest rates the market is segmented into fixed and floating. Based on tenure period, the market is segmented into less than 5 years, 5-10 years, 11-20 years, more than 20 years. On the basis of region, the market is divided into North, East, North-East, South-Central, North-West, South-West.
Company Profiles
ICBC Co., Ltd., Bank of China,
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historical Years |
2018–2021 |
|
Estimated
Year |
2023E |
|
Forecast
Period |
2024F –2028F |
|
Quantitative
Units |
Revenue in USD
Billion and CAGR for 2018-2022 and 2023E- 2028F |
|
Report Coverage |
Revenue forecast,
company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
Type Provider
Type Interest
Rate Tenure
Period Company
|
|
Regional Scope |
North, East, North-East,
South-Central, North-West, South-West |
|
Key Companies
Profiled |
ICBC Co., Ltd., Bank of China, China Construction Bank
Corporation, Agricultural Bank of China Limited, China Development Bank, Industrial
Bank Co., Ltd., Bank of Communications Co., Ltd., Postal Savings Bank Of
China (PSBC), China CITIC Bank International Limited and China Merchants Bank
Co., Ltd. |
|
Customization
Scope |
10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope. |
|
Pricing and
Purchase Options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/pdf format on special request) |
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