A new report has found that China’s smaller-scale banks are focusing on the use of mobile and online banking channels in order to even the playing field with their established large-scale peers. 69.64% of banks surveyed are focusing their efforts on mobile banking and online banking, according to the “Small and Medium-sized Bank Fintech Development Research Report (2021)” (???????????????2021?) released by OneConnect in conjunction with the Fintech 50 Forum on 23 November. Key areas of focus include direct banking, financial services based on social media platforms, and online supply chain finance. 78.57% of banks surveyed said that they had already…