Abstract
Foreign banks, in the past five years, had a market share hovering around 2% of all loans.1 For foreign currency loans in China, they had a larger market share of 20%. The same holds for the Shanghai market. A survey by McKinsey has shown how difficult it can be for foreign banks to secure market share in China: large branch networks still play an important role and Chinese customers are loyal to their banks, with banking relationships lasting on average between nine and 12 years (Bekier and Lam, 2005).
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© 2011 Violaine Cousin
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Cousin, V. (2011). Foreign Banks. In: Banking in China. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230306967_10
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DOI: https://doi.org/10.1057/9780230306967_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32344-9
Online ISBN: 978-0-230-30696-7
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