Prospects brighter for foreign banks in China
By Alfred Romann in Hong KongFor China Daily | China Daily | Updated: 2014-05-05 08:19
But dominance of domestic players limit many to nation's big cities
Foreign banks continue to make inroads in China, but after years of expanding their networks they remain marginal players in retail and consumer spaces.
Still, they are chipping away slowly, building market share and expanding their presence in the financial services sector and among their corporate clients. And regulators are encouraging them.
Photo