Shanghai - According to a report published by a Chinese consulting firm, IT investment in banking industry in China will reach 22.9 billion RMB (USD 2.8 billion) in 2005, up from 21.2 billion RMB of last year. 12.6 billion of the investment will come from the big fur state banks.

81.1% of the investment will be spent on infrastructure construction, 16.9% will be used to buy application software, 2% will be on IT strategy consulting.