Olympic Growth Retail Banking in China
Source: Infosys Technologies
With the world's largest populated country reviving its conservative banking system, it is safe to assume that the opportunities and challenges for banks - domestic and foreign - are numerous. Huge foreign investments, enthusiastic domestic and international banking players, and implementation of cutting-edge technology are some of the factors that will push the Chinese banking sector to the top. A combination of skilled manpower, top-end IT infrastructure, reduced government intervention, and a large array of banking products will make the Chinese banking sector a high revenue generator. It is equally important that the government and banks analyze the dangers of an overheated economy and develop processes to fight unpredicted economic crisis.