Five years after China’s accession to the World Trade Organization (WTO), foreign banks are planned granted full access to the country’s vast local currency will be in December 2006. The foreign banks competitive attributes such as size and international experience in banking have facilitated the entry into China. These efforts, however, were met by improving the competitiveness of Chinese banks. More by high entry barriers and operating costs in Renminbi (RMB) business, therefore asked … Read more »

Five years after China’s accession to the World Trade Organization (WTO), foreign banks are planned granted full access to the country’s vast local currency will be in December 2006. The foreign banks competitive attributes such as size and international experience in banking have facilitated the entry into China. These efforts, however, were met by improving the competitiveness of Chinese banks. Prompted more by high entry barriers and operating costs in renminbi (RMB), businesses have engaged in various strategic responses to these challenges foreign banks. All in all, it is envisaged that only a very small number of foreign banks in a position to emerge as a big player in the Chinese banking market.
«Hide

from
M.K. Leung,
Ricky Y.K. Chan
Source: Business Horizons
12 pages.
Release Date: 15, May 2006. Prod #: BH196-PDF-ENG
Are Foreign Banks Sure Winners in Post-WTO China? HBR case solution

[related_post themes="flat"]