BIZCHINA> Reports
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Banks' new strategies amid financial crisis
(chinadaily.com.cn)
Updated: 2008-11-24 16:16
Slower economic growth, a narrowing interest spread, the falling of export-oriented companies and the cooling housing market are eroding Chinese lenders' profit growths, while raising the default loan levels. Foreign lenders in China, which focus on offering wealth management services, are also suffering because of the poor performance of their products stemmed largely from the fallout from the financial crisis that was outside their control. ..... The full text is available in the November Issue of China Banking.
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