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

01/7/2013 | (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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