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- W194480079 abstract "Beginning in the late 1970s foreign banks were allowed to enter into China in line withthe country's overall economic reform and opening up program.Recently, many of the world's larger banks have entered the Chinese market and havesettled into a strong presence in China, mainly through branches, operating subsidiariesand representative offices in coastal cities and Special Economic Zones. However, unlikeother Australian industries which are strengthening their operations or cooperativeundertaking in China, in respect of their number of operating institutions in the Chinesefinancial market Australian banks are behind many foreign banks such as those of theUnited States, Japan, Hong Kong, UK and France and so on.There has been no systematic study of Australian banking industry entry into the Chinesemarket to date. This study attempts to identify the opportunities and challenges whichforeign banks will face in the second stage of the Chinese economic and financialreforms. The study will also compare and evaluate the market strategies of French andAustralian banks in China.The survey focused on both Chinese and foreign banks in China. The findings indicatedthat the second stage of the Chinese economic and financial reforms should bringopportunities to foreign banks which should outweigh their challenges or difficulties. Thestudy also indicated that Australian banks were in unfavourable position as comparedwith French Banks, and the business strategies of Australian banks are more conservativethan those of the French banks." @default.
- W194480079 created "2016-06-24" @default.
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- W194480079 date "1996-01-01" @default.
- W194480079 modified "2023-09-26" @default.
- W194480079 title "Chinese economic and financial reforms : implications for foreign financial institutions" @default.
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- W194480079 hasPublicationYear "1996" @default.
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