Online Banking in China-4.docx

Online Banking in China- A cross country comparison -FIN 6246Prof. Dr. Krishnan DandapaniDecember 12, 2012Table of ContentFigures31. Rise of the Chinese Online Banking Market41.1 Internet Population41.2 Online Banking Users51.3 User Penetration of Internet Applications61.4 Transaction Scale of China’s Online Banking71.5 Age Structure of Consumers Using Online Banking71.6 Education Degree82. Key-Ratios for Representative Banks93. Profitability of Online Banking103.1 Transaction Volumes113.2 Fees Structure of Chinese Banks134. Online Banking Services145. Regulation and Policies166. Security Issues176.1Reasons not to use Online Banking176.2Concerns of German- and US Costumers176.3Protection levels and techniques196.3.1Authentication Processes and Methods in China196.3.2Security Level in German- and US-Online Banking Systems208. Conclusion21List of References24FiguresFigure 1: Internet users in the world5Figure 2: Internet usage by country5Figure 3: Growth rates of online banking users6Figure 4: User penetration of internet applications6Figure 5: Transaction scale of Chinas online banking market7Figure 6: Age structure of Chinas user of personal online banking8Figure 7: German internet users doing online banking8Figure 8: Educational degree of users of personal online banking 20119Figure 9: Key-Ratios of represantative banks for all three nations10Figure 10: Fee structure for Banking Services, in China’s currency RMB13Figure 11: Online banking services15Figure 12: Survey about reasons for Chinese not to use online banking17Figure 13: Survey about experience of internet crime in Germany (Source: BITKOM, Forsa)18Figure 14: Survey about the top three common crimes in US (Source: GALLUP)18Figure 15: Topics considered important by German online banking users221. Rise of the Chinese Online Banking MarketIn 1994, internet banking was brought out in the United States. Along with the development of the computer and network technology, internet banking, the combination of banks