Group

Banks

Efficiency growth model

First Group

Bank of Ningbo, Nanjing, Huaxia

emphasis on internet business

Second Group

Bank of Agriculture, China, Communication, Everbright

emphasis on internet business

but overburden in traditional business

Third Group

ICBC, Bank of Industrial, Ping An, Minsheng, Pudong Development, Construction

emphasis on traditional business

Fourth Group

Bank of Merchant, Citic, Beijing

emphasis on internet business and traditional business