Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/20142
Title: Are foreign banks sure winners in post-WTO China?
Authors: Leung, MK 
Chan, RYK 
Keywords: China
Competitiveness
Foreign banks
Strategic responses
WTO
Issue Date: 2006
Publisher: JAI
Source: Business horizons, 2006, v. 49, no. 3, p. 221-234 How to cite?
Journal: Business horizons 
Abstract: Five years following China's accession to the World Trade Organization (WTO), foreign banks are scheduled to be granted full access to the country's vast local currency in December 2006. The foreign banks' competitive attributes, such as size and international banking experience, have facilitated their entry into China. These efforts, however, have been countered by the improving competitiveness of Chinese banks. Further prompted by high entry and operating costs in Renminbi (Rmb) business, foreign banks have engaged in different strategic responses to these challenges. All things considered, it is envisaged that only a very small number of foreign banks will be able to emerge as big players in the Chinese banking market.
URI: http://hdl.handle.net/10397/20142
ISSN: 0007-6813
EISSN: 1873-6068
DOI: 10.1016/j.bushor.2005.09.003
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