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%.