Foreign banks gaining ground in China

   Date:2006/12/31
Ahead of China's opening up of its financial market, foreign-invested banks have become popular with Chinese consumers, particularly the new upper class who believes banking with a foreign bank would earn them higher social status.

Consumers in the three largest cities -- Shanghai, Beijing and Guangzhou -- are increasingly aware of foreign banks'' services in China.

Though most consumers still choose domestic banks, the gap between foreign and local banks is narrowing.

Source:佚名

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