Bank of China, this country's second-largest bank, is waking up to the realities of the marketplace.

Senior executives at the state-run bank said they plan to expand both retail and investment banking as part of a drive to improve profits and diversify from a long-standing reliance on corporate business. They added that although the effort is just under way, growth prospects appear favorable.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.