Bocom Is in a Good Position to Capture the Promising Growth Opportunity in the Yangtze River Delta

Striving to become China's leading wealth-management bank, Bocom is building its international presence and developing a wide range of financial service businesses. The bank achieved solid progress in the transformation, as evidenced by its rising retail customer base, customer assets under management, and a booming credit card business. Its deposit base remained weaker than those moaty peers, resulting in higher funding costs for the bank. We expect Bocom still has a long way toward its goal of being a leading wealth management bank.