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China financial services

Update Date:2019-2-25 17:48:26     Source:www.3737580.com     Views:434

China financial services
Hotline: 86-755-82147392, Email:info@citilinkia.com

China’s financial-services industry has grown quite rapidly over the past decade—product offerings, talent pools, and sales channels are increasing in scale and quality across sectors. With so many new opportunities available, companies raced to capture market share in many segments and products. Today, the industry’s prospects in China remain attractive, and much more alluring than they are almost anywhere else. However, financial-services firms there now face a decade of transformation in which they must adapt to structural shifts ranging from new customer demands to the market’s maturation. To win in changing times, these firms must refocus on profits and customer service.

Companies competing in today's integrated financial services markets have experienced unprecedented change. Banks, insurance and securities companies are having to respond at an even greater pace to:

• demanding capital adequacy and risk management standards
• corporate governance and increasing monitoring of internal financial reporting
• increasingly sophisticated clients
• global expansion by major national and regional financial institutions

consolidation, merger and acquisitions
• new technologies and distribution channels
• issues in dealing with new markets, economic uncertainty and changing relations.

 

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