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China Opens Up Further for Foreign Banks - Enormous opportunities are offered for foreign investors in China banking sector, with China Banking Regulatory Commission (CBRC) announcing, in Dec 2005, increase in cities where foreign banks will be allowed to do business denominated in Yuan.
China Opens Up Further for Foreign Banks

 

PRZOOM - /newswire/ - Delhi, New Delhi, India, 2006/09/20 - Enormous opportunities are offered for foreign investors in China banking sector, with China Banking Regulatory Commission (CBRC) announcing, in Dec 2005, increase in cities where foreign banks will be allowed to do business denominated in Yuan..

   
 
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In Dec 2005, CBRC (China Banking Regulatory Commission) announced that it would increase the number of cities in the country where foreign banks would be allowed to do business denominated in Yuan. CBRC has also announced easing of fund requirements for overseas investors.

Cities of Ningbo and Shantou shall soon open their doors for foreign banks that offer Yuan business to both Chinese as well as foreign companies and individuals. With these two and several other prominent cities opening up their doors for overseas banks, there’ll be enough space and scope for foreign investors to grow and flourish in China Banking Sector.

RNCOS has recently published a market research report named, “China Banking Sector Analysis (2006-2009)”, which provides complete overview of China Banking Sector. Extensive research and objective analysis on the growing banking industry, its product quality, and services in China is also included in it.

According to this report, “Foreign banks have sped up the pace of development in China and their influence is growing gradually. By the end of October 2005, total assets of foreign banks in China amounted to $84.5Bn (accountable for around 2% of total banking assets in China). Among which, foreign currency loans made by foreign banks accounted for 20% of those made by all banking institutions in China”.

Key Highlights and scope of the RNCOS "China Banking Sector Analysis (2006-2009)" report:

- How does the competitive market of Chinese banking sector look like?
- Effect of personalized loans, demographic factors and demands by social classes to drive the market.
- Opportunities and challenges before the banking industry in China.
- Prospective areas of investment for banks in the future.
- Factors responsible for the growth of loans, deposits and bankcards in China.

About the report

This report will provide assistance to clients, including researchers, businesses, investors and individuals with interest in knowing more about this industry, in analyzing the leading opportunities critical for the banking sector in China.

About RNCOS

RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.

 
 
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China Opens Up Further for Foreign Banks

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