Comparative Analysis on the Competition between Chinese Banks and Foreign Banks after the All-around Opening-up of the Chinese Banking Industry

With the all-around opening of the Chinese banking industry,the competitive advantages of foreign banks mainly come from aspects of intermediary business income,risk management capability,and human resources derived from advanced excitation mechanism.Within a couple of years,foreign banks in China will witness great changes in their competition strategies,with emphasis on the broadening of certain markets and services.Chinese banks should strengthen their competitiveness through self-perfection and cooperation so as to face the challenges of foreign banks.