Difference between Chinese banks and foreign banks

Chinese banks' advantages:

a local advantages

b market advantages

c financial strength

d government support

Chinese banks' disadvantages include:

a low level of business development and single varieties

b lack of effective means and tools of risk prevention

c insufficient development of international financial services

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? d Few varieties of intermediate business, narrow business scope

Foreign banks' advantages:

Scale advantage, business advantage, management advantage, regulatory advantage

Foreign banks' disadvantages:

a Disadvantage in business scope

b Disadvantage in setting up branches

c Problems of localization of products and technology

d Problems of honest expansion

Detailed description of Bank of China and foreign banks:

Bank of China

The full name is Bank of China Limited (Bank?of?China? Limited, or BOC for short), with the headquarter (Head?Office) located at No. 1 Fuxingmennei Street, Beijing, and it is one of the five largest state-owned commercial banks. BOC's business scope covers commercial banking, investment banking, insurance and aviation leasing, and its holding financial institutions, including BOC Hong Kong, BOC International and BOC Insurance, provide financial services to individual and corporate clients worldwide.

Bank of China, as the most internationalized and diversified bank in China, provides a full range of financial services to customers in Mainland China, Hong Kong, Macau, Taiwan and 37 countries. It mainly operates commercial banking businesses, including corporate finance, personal finance and financial markets, etc. In July 2013, The

Banker magazine announced its 2013 ranking of the world's top 1,000 banks, ranking No. 9, compared with the 2012 ranking. No. 9, consistent with the 2012 ranking. In addition, the World Brand Lab released the 2012 ranking of China's 500

Most Valuable Brands, and Bank of China ranked 10th with a brand value of RMB 88.516 billion, up one position from the ranking in 2011, and ranked No. 2 in the banking industry.

Foreign banks

are banks opened by foreign financial capital in China, specifically including the following four types:

1?Wholly foreign-owned banks? All foreign financial capital

2?Sino-foreign joint venture banks? Established by foreign financial institutions and Chinese companies and enterprises*** with the same capital

3?Branch of a foreign bank

4?Representative office of a foreign bank