外资银行在中国的发展【外文翻译】.doc

外文翻译 Foreign banks in China Material Source: PwCAuthor: PwC Foreign banks fail to gain extra traction The 2009 stimulus plan and lending surge by domestic banks overall an increase of 26% in assets in 2009 had a major impact on the activities of the foreign banks and their ability to further penetrate the Chinese banking market. Despite the surge and economic stimulus the foreign banks failed to gain any extra market traction. While they have continued to be proactive in seeking out new opportunities, they remain challenged by policy constraints that dictate the pace, scope and direction of their market penetration Meanwhile, the domestic banks continue to add to their service offerings as they steadily evolve towards more broadly based multi-service institutions. Examples of this include direct investments in new lines such as fund management and insurance. In contrast, the foreign banks are required to navigate a much narrower space. Their primary method of expansion remains organic growth In the first half of 2009, foreign bank lending declined, in part because of competition from domestic banks and in part because foreign companies in China reduced their borrowing needs. As a result, foreign banks’ market share declined. Their overall market share remains around 2% and half of the 42 participants in this survey predict that it will remain the same in 2010. Reasons given for the lack of growth in market share included an unlevel playing field, economic factors and a limited product offering. Against this challenging operating environment, the participants continue to believe strongly in the future opportunities of the Chinese financial services market. Different approaches to the market ---Local incorporation Foreign banks continue to select the option to transition from branch status to local incorporation. Over 30 foreign banks are now locally incorporated and predictions in 2010 regarding this option are more optimistic than those r