www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Foreign banks will need niche to prosper in FTZ

By Wu Yiyao (China Daily) Updated: 2014-03-28 08:45

Liberalization policies are creating opportunities for overseas financial institutions and their clients, reports Wu Yiyao from Shanghai

Since the China (Shanghai) Pilot Free Trade Zone was launched in September, there's been an increasing number of bank opening ceremonies, and executives of foreign banks said that as more detailed guidelines are released, business has been picking up.

Since March 1, there's been no interest rate ceiling on foreign currency deposits of up to $500,000, whether held by companies or individuals.

Foreign banks will need niche to prosper in FTZ
Foreign banks will need niche to prosper in FTZ 
And according to the People's Bank of China, companies based in the zone may borrow offshore yuan.

There's certainly plenty of competition, bankers said, but with the vast demand in the zone, lenders should be able to find a market niche.

"I think there's ample market demand in the zone, and each player may have its own strengths. Competition is good for clients, and we are looking for a win-win-win situation for lenders, clients and the market," said Andrew Au, chief executive officer of Citi China and chairman of Citibank (China) Co Ltd.

Unlike branches of Chinese lenders in the FTZ, foreign banks' facilities are less crowded. Indeed, some are essentially deserted.

"It's not that we have less business than Chinese lenders; it's simply because foreign banks may attach more importance to corporate finance, a business that clients can do over the Internet. There is less on-site, face-to-face contact," said an employee at a foreign bank outlet in the FTZ.

Foreign banks are probably eyeing the expanding trade that will be conducted through the FTZ. Those transactions will increase demand for cross-border financing, said Jimmy Leung, a banking specialist at PricewaterhouseCoopers.

Access to global networks will help foreign banks leverage their FTZ presence to forge links between the zone and foreign markets, helping clients capture new growth opportunities, bankers said.

The FTZ is a milestone in China's efforts to build an international financial center in Shanghai and reform the economy for longer-term viability, said Neil Ge, DBS Bank (China) Ltd's chief executive officer.

Foreign banks will need niche to prosper in FTZ

Foreign banks will need niche to prosper in FTZ

Top 10 trading partners of the Chinese mainland

China's top 10 richest cities

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 成人午夜大片免费看爽爽爽 | 精品成人一区二区三区免费视频 | 日本在线免费观看视频 | 中文字幕一区二区在线播放 | 国产蜜汁tv福利在线 | 国产精品久久久久久影院 | 亚洲一区二区三区四区在线 | 国产精品久久久久激情影院 | 欧美精品综合一区二区三区 | 亚洲国产片在线观看 | 亚洲乱码一区二区三区国产精品 | 国产成人精品一区二三区 | 欧美aaaa在线观看视频免费 | 午夜成年女人毛片免费观看 | 亚洲国产精品久久久久 | 国产成人咱精品视频免费网站 | www.久草视频 | 亚洲黄色成人 | 日韩一级视频在线观看播放 | 国产视频一区二区三区四区 | 国产精品久久久久久久久久久久久久 | 亚洲国产成人综合精品2020 | 特级欧美视频aaaaaa | 性夜黄a爽爽免费视频国产 性夜影院爽黄a爽免费看网站 | 免费黄色一级网站 | 成年大片免费视频播放二级 | 国产一区二区fc2ppv在线播放 | 中国一级特黄视频 | 天堂中文字幕 | 国产99久久亚洲综合精品 | 久久久久久网站 | 亚洲欧美一区二区久久香蕉 | 中文一级国产特级毛片视频 | 亚洲欧美18v中文字幕高清 | 久久草在线 | 欧美h版成版在线观看 | 国产免费自拍视频 | 精品久久成人 | 色视频在线免费 | 毛片免费在线播放 | 手机看片久久青草福利盒子 |