Forecast: Number of Depositors at Commercial Banks in China

From 2013 to 2023, the number of depositors at commercial banks in China has shown a strong upward trajectory, growing from 14.93 to 46.9 units (persons) per thousand persons. Over this period, the growth exhibited consistent year-on-year variations, peaking at 15.1% in 2016 before gradually slowing down to 8.19% by 2023. The compound annual growth rate (CAGR) over the last decade showed a strong average, peaking at 14.23% in 2019, but more recent years averaged a lower 10.11% CAGR. By 2028, forecasts predict a continued upward trend albeit at a slower pace with a CAGR of 5%, resulting in a projected 27.63% growth from 2024 to 2028.

Future trends to watch for:

• Technological advancements in banking and digital transformation.
• Policy changes impacting financial sector regulations and financial inclusion.
• Demographic shifts influencing depositor behavior and banking needs.
• Macroeconomic factors such as inflation rates and economic growth.
• Increased competition from non-traditional financial institutions and fintech companies.