Foreign banks have made relatively few inroads in China since the start of the decade when the country's financial markets were clawed open by global trade agreements.
Overseas banks' market share of loans, retail deposits and trading of domestic securities remains painfully low, dwarfed by powerful local competitors.
Among the few lucrative calling cards used by western bankers in China has been their perceived expertise in structured derivatives, and how these could assist mainland enterprises manage exposure to swings in oil prices, interest rates and currencies.
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