On January 1, according to the information on the official website of the State Administration of Financial Supervision and Administration, 2,649 commercial banks have withdrawn (i.e., closed their doors) in 2023, slightly exceeding the previous year.
According to information on the website of the regulatory authorities, similar to 2022, there are also requests for the closure of bank branches in 2023 that have not been approved, but they basically occurred in the western region. In 2022, only 2 bank branches were not approved to terminate operations.
From January 1, 2023 to December 22, 2023, a total of 2,649 commercial bank outlets announced their withdrawal. It should be pointed out that the website shows that it was last updated on December 25, 2023, which means that there may be more than 2,649 bank branches that have actually closed.
According to previous statistics from the media, more than 2,400 bank outlets of various types will close their doors in 2022.
Smart devices are the key development direction at present
Mobile payment technology is becoming more mature and widely used, and the domestic banking industry has seen a transformation trend such as de-countering and asset-light, and the current layout of the four major domestic bank outlets is as follows:
With the promotion of projects such as "smart outlets", "unmanned outlets" and "digital RMB ATM", a number of intelligent and integrated equipment with the latest technology has gradually entered the market. The growth of smart kiosks in banks is in stark contrast to the current decline in the number of traditional ATMs with single deposit and withdrawal capabilities. In the future, financial intelligent terminals integrating a series of new technologies including artificial intelligence, voice recognition, and face recognition will become the standard configuration of bank service outlets, accelerate the improvement of banking services, and also provide a direction for the transformation of domestic ATM machine manufacturers.
According to the current statistics of Bank of China, Industrial and Commercial Bank of China and China Construction Bank, as of the second quarter of 2021, the number of smart counters in operation of Bank of China was 32,465, an increase of nearly 1 times from 16,235 in 2017. The number of smart devices in ICBC was 79,034, an increase of more than 3,200 compared with 2018, and the number of smart tellers in operation in CCB was 48,549, an increase compared with 2017.
Prospective Economist APP Information Group
For more research and analysis of this industry, please refer to the "2023-2028 Market Prospect and Investment Planning Analysis Report of China's Small and Medium-sized Banking Industry" by Qianzhan Industry Research Institute
At the same time, the Prospective Industry Research Institute also provides solutions such as industrial big data, industrial research reports, industrial planning, park planning, industrial investment, industrial mapping, smart investment promotion system, industry status certification, IPO consulting/fundraising feasibility study, IPO working paper consulting, etc. To quote the content of this article in any public information disclosure such as prospectus and annual report, formal authorization from Qianzhan Industry Research Institute is required.
More in-depth industry analysis is available in the [Prospective Economist APP], and you can also communicate and interact with 500+ economists/senior industry researchers.