Banking on China

Chin Wei Min, Managing Director, Head of Accenture’s capital markets practice in Asia-Pacific

 

While there is certainly an opportunity for more banking services connected to the growing China-ASEAN cross-border trade, regional banks need to ensure their capabilities are both on par with global multinational banks as well as the top tier mainland banks that already have banking relationships with Chinese corporates. This is no easy path. It requires full-scale commitment from the C-suite and will require implementing new core banking platforms to provide the services. To win the new market share, investments and a long-haul commitment will be required.

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