This is the 10th EY annual report on ChinaÕs listed banks. The purpose of this annual report is to provide an outlook on the direction of the future development of ChinaÕs banking industry based on observations of the businesses, operating models and regulatory environment of the 37 listed banks in mainland China. Ò2017 is an important year for the implementation of the Ô13th Five-Year PlanÕ and a year for the continued deepening of supply-side structural reform. ChinaÕs banking industry is still undergoing critical transformation where both opportunities and challenges coexist. To cope with the complex and ever-changing environment, listed banks will continue to explore the path for transformation and development, and FinTech will inject new impetus into the shaping of future banking. In addition, banks should strengthen risk prevention and control during transformation to achieve long-term sustainable developmentÓ, said Jack Chan, Managing Partner of EY Financial Services in Greater China.