85.2% of Chinese interested in foreign banks starting RMB services

潘多拉de魔盒

Chinanews, Beijing, November 29 – According to a survey covering 3,384 responders in Beijing, about 85.2% of the Chinese are interested in foreign banks opening RMB services.
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9 X& o8 H9 F' A7 r+ }' MTheir interest actually comes from the good service quality and reliable credit records of foreign banks. In fact, more than 66% of the responders believe foreign banks will offer better services than local ones.

Experts think that foreign banks will not have a great impact on the local banking market in the near future. They will only take up about 1.9% of the banking industry in China, after all.

$ p6 z/ T9 c6 OInterestingly, though most responders are interested foreign banks starting RMB services, about 72.7% of them will still choose local banks for their low costs and widespread outlets.

8 A" m5 O+ c; H3 Y; H1 |# hThough only 10.8% of Chinese will definitely choose foreign banks, and some 16% are “not sure”, even these 26.8% have raised a great challenge to local banks before foreign banks start RMB services in China.