Foreign banks still find market 'challenging, complicated'

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.