China’s “big four” state banks are losing share in the country’s fast-growing retail banking market as customers embrace a more sophisticated array of products and swell a burgeoning fashion for digital banking, according to a survey of savers conducted by McKinsey, the consultancy. The main beneficiary from the slide of the “big four” – the Agricultural Bank of China, the Industrial and Commercial Bank of China, the Bank of China and the China Construction Bank – have been the joint-stock commercial banks, which include institutions such as China Merchants Bank, China Everbright Bank and CITIC Bank. The joint-stock banks are Read more (© The…