Foreign Banks Have a Tough Problem to Enter China

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  Foreign banks in China are facing the problems of not holding enough deposit.
  Foreign Banks in China have to keep their loan-to-deposit ratios under 75% until the end of 2011. By the end of November 2010, the overall loan-to-deposit ratio of 37 foreign banks in China is 87.9% with 10 of them over 200%, four or five of which can hardly reach the standard before the year ends, despite that the foreign banks have been trying their best to raise the percentage of deposit.
  Take Shanghai for example, in 2010, the deposit of foreign banks has been raised by 81.61 billion yuan (US$ 12.4 billion), which is 34.5%, 17.6% more than that of the state-owned banks, with the deposit raised by 31.18 billion yuan (≈US$ 4.7 billion) and 44.127 billion yuan (US$ 6.7 billion) respectively in the third and fourth quarters. It is mainly caused by limited branch banks because foreign banks in China are not allowed to have branch banks without the permission by the local CBRC (China Banking Regulatory Commission).
  The second problem other than the process to get permissions keeps foreign banks from having more branch banks is their capital scales. However, sources from the management of CBRC say that “actually the process is of no inefficiency. A state-owned shareholding bank spent four to five years on the permission when it was opening a branch bank in Hong Kong, and ended up entering Hong Kong through purchasing a local bank. Relatively speaking, the barrier keeps foreign banks from entering China is low.”
  Absorbing overseas deposit, creating sedimentary money through crediting, absorbing deposit through constructive financial services etc. are only the half-measures. To win the trust back from the local clients probably is the hardest part to foreign banks, especially when local billionaires get ripped by some foreign banks with highly risky financial derivatives.
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