Chinese banks will turn to fees as asset growth slows, PwC says

01/7/2013 | Risk.net (subscription required)

PricewaterhouseCoopers is predicting that in coming years, Chinese banks will depend more on fees than on increasing assets as competition heats up and as Basel III and interest-rate liberalisation constrain capital. "Banks ... are focusing more on higher-return loans, like those to small and micro enterprises, which were neglected in the past," said Raymond Yung, financial-services leader of China at PwC.

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