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Foreign banks optimistic about China's growth prospect

(People's Daily Online)    10:25, January 15, 2014
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Most foreign bankers are optimistic about China's long-term growth and believe China's reform will create more opportunities to foreign banks and provide a fair platform, according to the report "Foreign banks in China" released by Price Waterhouse Coopers (PwC) on Tuesday.

Foreign banks intend to provide more services to China, such as providing services for Chinese state own companies' restructure and internationalization, offering financial services for rural areas, and launching digital or Internet bank services.

The forthcoming interest rate liberalization is a great opportunity to foreign banks, because it is likely to reduce net interest margin and affect bank profitability, PwC said in the report; foreign banks are expected to develop their strength in term of pricing risks and management of liquidity risks.

As interest rate liberalization brings an increase in funding cost, more foreign banks will enhance their services toward well-performed medium-sized and small enterprises and services sectors they have neglected.

(Editor:WangXin、Gao Yinan)

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