/24-7PressRelease/ - NEW DELHI, INDIA, August 26, 2006 - The shooting up of demand for private banking and wealth management is an offshoot of the booming market economy in China. However, the absence of high quality financial services is conspicuous. The range of services available is considerably limited, creating a viable opportunity for foreign banks. Presently, offshore private banking constitute a major chunk of the market pie, standing at 20 %.
What makes China the apple-pie of investors & businesses from across the globe is the developed nature of the economy. In 2005, China Banking Sector saw investments from leading credit card issuing banks. Global leaders like Citigroup, HSBC Holdings, and American Express have signed partnerships for credit card operations with a number of Chinese banks. Citigroup partnered with Shanghai Pudong Development Bank, spending U.S $68 million for a stake of 5.1% and is meditating upon ownership of up to 25%.
RNCOS' recent report, entitled, "China Banking Sector Analysis (2006-2009)" figures out the present face and the future potential of China's Banking Sector. As per April 2005,the number of financial institutions stood at 28,000 and the value of total assets at 41 trillion Yuan or U.S $5 trillion. The number of banks increased from 45 in 2003 to 53 by the end of 2005. They have the standard capital adequacy rates exceeding 7.9%. CBRC - China Banking Regulatory Commission affirms that the assets of these banks constitute 75.2 % of that of the overall Banking Sector Market.
The report handles critical industry specific issues, such as:
How competitive is the market of the China Banking Sector?
What are the factors driving the Banking Industry in China?
What are the opportunities and challenges of this industry?
How has the China Banking Sector- performance been -in terms of personalized loans, demographic factors?
This report will provide assistance to businesses and investors by unfolding the opportunities and the factors driving the Banking Industry in China.
To purchase your copy: http://www.rncos.com/Report/IM056.htm
For more information about the report please visit http://www.rncos.com
About RNCOS
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
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