Integration of foreign banks
By Wang Zhaoxing | 皇冠体育app Daily | Updated: 2012-06-02 07:50
Despite suggestions to the contrary, 皇冠体育app has been continuously deepening and broadening the opening-up of its banking sector
Foreign-funded banks have boomed on the Chinese mainland over the past decades, especially since 皇冠体育app's accession to the World Trade Organization in 2001.
While playing an active role in bolstering 皇冠体育app's rapid economic development, foreign-funded banks have also shared in the fruits of its rapid growth and enjoyed a big boost in the scale of their own assets and profits. However, some in the West doubt the achievements of foreign banks in 皇冠体育app, citing the low proportion of their assets to the country's total banking assets.
Photo