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Chinese banks enhancing direct banking channels to cater to increased demand
Date: May 22, 2013
Author: Baron Laudermilk
Categories: Channels, China, Direct Banking, Internet Banking, Mobile Banking, Retail Banking, Technology & Operations
Keywords: China Merchants Bank, ICBC, China Minsheng Bank, Bank of Beijing
Although 60% of domestic banking customers are shifting to more direct banking methods, most would still want access to physical branches.
SIBOS 2012 discussion underlines significant banking opportunities in China
Date: Nov 12, 2012
Author: Baron Laudermilk
Categories: Core Banking, Retail Banking, Technology & Operations, Trade Finance, Transaction Banking, Wealth Management
Keywords: SIBOS 2012, Banco Do Brazil, Vagner Vichiesi, BMO, Albert Yu, Julltje van der Wijk, ING Group, Bank of Beijing, Gil Gadot, Fundtech, Hugh Jones IV, Bankers Accuity
Banks and IT vendors look to tap into the vast potential of the Chinese market, as China’s economy experience rapid growth in 2012.
Are global banks dead or just refocusing on home markets?
Date: Nov 12, 2012
Author: Baron Laudermilk
Categories: Islamic Banking, Retail Banking, SME Banking, Trade Finance, Transaction Banking, Wealth Management
Keywords: ING Group, Juultje van der Wijk, HSBC, Bank of Beijing, Hiromasa Nagamine, SMBC, Vagner Vichiesi, Banco Do Brazil, Albert Yu, BMO, BofA
Juultje van der Wijk, global head of trade finance services at ING Group, feels that banks will focus on their home markets and areas where they have a strong foothold.
Chinese banks offer more conservative products to gain edge in wealth management business
Date: Oct 09, 2012
Author: Baron Laudermilk
Categories: China, Retail Banking, Wealth Management
Keywords: HNWI, SPDB, China Merchants Bank, ICBC, Tang Jiahui, China Merchants Bank, Wang Jing, BoC, Ferdinand Jonkman, Bank of Beijing
Chinese banks seek to leverage on low-risk WMPs that offer steady but lower returns to attract HNWIs looking for a safe haven in China’s slowing economy.
Smaller Chinese banks still gambling on risky wealth management products
Date: Aug 08, 2012
Author: Baron Laudermilk
Categories: China, Retail Banking, Wealth Management
Keywords: China Merchants Bank, Shanghai Pudong Bank, ICBC, Tang Jiahui, ICBC, Zheng Zhiguang, Bank of Beijing, Fitch, World Gold Council, Ferdinand Jonkman, HNWIs, WMPs
Smaller banks in China are experiencing rapid growth rates in the wealth management market by offering high-risk WMPs to customers, placing the country’s banking sector in jeopardy.
Bank of Beijing brings “Open- Counter” branches to China
Reduced waiting time, improved cross-selling and branchs with a unique look and feel made Bank of Beijing the Best City Commercial Retail Bank in China at The Asian Banker Excellence in Retail Financial Services Awards 2011.
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