1. Text: | Print|

      Foreign banks still find China market 'challenging, complicated'

      2015-02-03 10:26 China Daily Web Editor: Qin Dexing
      1

      Foreign banks in China remain optimistic about their prospects, Ernst & Young LLP said in a recent survey of 41 locally incorporated foreign banks.

      Many of these banks expect 8 to 15 percent revenue growth for 2017 and 13 banks expect 20 percent or higher revenue growth.

      But many respondents said that they still find the market "challenging and complicated" because of the issues raised by financial reform and economic restructuring.

      They identified regulatory challenges including access to the bond market, rules and regulations and capital and liquidity constraints, says Brian Metcalfe, co-author of the report and associate professor at the Goodman School of Business at Brock University in Canada.

      At the top of bank executives' wish list: remove foreign debt quotas, remove foreign guarantee quotas and ensure better coordination among regulators.

      Foreign banks expressed concern about liquidity management, which is closely related to funding sources. Thirty banks revealed that their funding depends heavily on their parent banks' funding and corporate deposits, says Shelley Chia, a partner in the E&Y greater China financial services organization.

      The opening-up of China's capital market will greatly improve access to funding and ameliorate liquidity concerns, the report said.

      As the economy is slowing down, regulators may adopt a more lenient approach toward foreign banks.

      At least 20 foreign banks have shareholdings in domestic banks and are subject to the 20 percent investment ceiling. While foreign banks' interest in investing in domestic banks has declined, less restrictive ownership regulations that allow a foreign bank to acquire more than a 50 percent shareholding in a mid-sized bank might attract interest from foreign banks, the report said.

      Geoffrey Choi of E&Y's greater China practice says: "The future development of foreign banks in China mainly depends on whether regulators will ease restrictions on foreign banks and whether foreign banks will gain an advantage over Chinese-funded banks and Internet finance companies amid severe competition."

      The regulatory environment is improving because China has eased market access for foreign banks, which will seek opportunities from the evolving renminbi internationalization and interest rate liberalization, Choi says.

      As digital and mobile banking develops, foreign banks will be on a relatively level playing field with their Chinese competitors, although many foreign banks still feel that their progress in these areas is quite slow, he added.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 午夜亚洲国产成人不卡在线 | 国产免费久久精品丫丫| 国产做国产爱免费视频| 男女做羞羞的事视频免费观看无遮挡| 午夜视频在线在免费| 亚洲日韩精品一区二区三区无码| 亚洲精品无码久久毛片波多野吉衣| 亚洲日产乱码一二三区别| 麻豆精品不卡国产免费看| 国产极品粉嫩泬免费观看| 色婷婷亚洲十月十月色天| 美女露100%胸无遮挡免费观看| 99re在线视频免费观看| 亚洲成av人片在线观看天堂无码 | 国产精品免费精品自在线观看| 亚洲精品无码专区久久同性男| 亚洲Av高清一区二区三区| 两个人看的www高清免费观看| 亚洲av中文无码乱人伦在线播放| 国产亚洲精品免费| 四虎www成人影院免费观看| 精品无码专区亚洲| 好爽…又高潮了免费毛片| 最新亚洲人成无码网www电影| 亚洲免费无码在线| 欧洲人成在线免费| 亚洲一区二区三区AV无码| 亚洲免费视频在线观看| 亚洲午夜久久久久久久久电影网| a级毛片在线视频免费观看| 亚洲理论在线观看| 四虎永久在线精品视频免费观看| 亚洲色大成网站www尤物| 在线观看免费人成视频| jlzzjlzz亚洲jzjzjz| 精品一区二区三区高清免费观看| 亚洲AV成人片色在线观看 | 久久亚洲AV无码精品色午夜 | 亚洲伊人久久大香线蕉| 91九色老熟女免费资源站| 亚洲欧洲国产日韩精品|