Ping An Tops China’s Listed Banks in Terms of Average Salaries

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Shenzhen-based Ping An Bank provides the best remuneration levels to staff according to the latest round of first-half reports released by China’s A-share banks.

A total of 23 of China’s A-share banks have released data on remuneration levels and staff numbers at present, including five of the big state-owned banks, eight joint-stock banks, seven municipal commercial banks and three rural commercial banks.

According to available data Ping An Bank and China Merchants Bank currently provide the highest average levels of remuneration to staff, both at over 310,000 yuan.

Listed Chinese banks ranked by average salary

Name of bank Average annual salary in first half of 2019 (thousand yuan) YoY increase Number of staff as of end of first half Change in staff numbers in first half
Ping An Bank 316 21.1% 33,529 -1097
China Merchants Bank 312 11.7% 73,972 -618
Bank of Nanjing 272 4.1% 10,334 142
Bank of Jiangsu 265 23.0% 14,753 -113
Bank of Ningbo 257 -0.7% 14,959 1275
Bank of Hangzhou 248 6.1% 7509 347
Shanghai Pudong Development Bank 235 10.1% 53,113 94
China Everbright Bank 228 6.6% 44,473 -509
China CITIC Bank 223 7.5% 55,290 -1125
Industrial Bank Co. 195 15.4% 57,269 -2390

In the first half of 2019 20 Chinese listed banks posted YoY increases in average salaries, while 12 saw gains in excess of 10%.

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