Les banques chinoises face au défi de la globalisation

Infographie : F. Descheemaekere

China's banks face an uphill climb in going global

[China Daily]

Chinese banks are still in the early stages of going global and need to do more to lure in investments, experts said at a bankers forum in Beijing on Monday.

"After China joined the World Trade Organization in 2001, Chinese banks gained much progress in their international expansion in terms of business modes diversification and operating overseas branches. Yet compared with foreign competitors, Chinese banks are still far behind," said Ba Shusong, deputy director general at the Development Research Center of the State Council, at the sixth Annual China Bankers Forum 2012 in Beijing on Monday. Statistics show that from the end of 2008 to 2011, foreign assets in China's Big Four banks - the Industrial & Commercial Bank of China Ltd, China Construction Bank Corp, Bank of China Ltd and Agricultural Bank of China Ltd - have risen from 2.41 trillion yuan ($380 billion) to 4.13 trillion yuan, said Ba, who called it a "huge figure". He said the Chinese government's tight control over credit has allowed Chinese banks to explore abroad.
"We have witnessed many mergers and acquisitions outside China by (the Big Four) banks, with more overseas branches in recent years. There must be more in the future, since M&As are a much more effective way for them to expand their international business than building up branches from scratch," Ba said.

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