SINGAPORE, April 25, 2011 /PRNewswire-Asia/ -- The retail financial services sector in China is still underdeveloped by international standards, but in light of the sheer scale of savings in China, the future potential of this sector is huge, making it one of the most attractive prospects in the world for banks. Gaining access to the retail financial services sector is one of the major drivers behind the growing number of foreign banks setting up operations in China or making strategic investments in Chinese banks.
While the retail financial services market in China will continually be dominated by domestic banks, there will have many areas including credit card innovation and wealth management where foreign banks can make their presence felt. In addition, with the potential to reach over 750 million people, the rural banking sector holds another massive opportunity. Seeing these valuable opportunities and to succeed in this competitive market however requires strong innovation and differentiation in almost all products and services offered to retail customers by banks and financial institutions.
Following demand from retail bankers in China and across Asia, Finance IQ will be holding the annual Retail Financial Services China Summit on 13-14 July in Shanghai. Key speakers at this year’s summit include Gary Ang, Head of Retail Banking & Wealth Management of ANZ China; Mei Feigi, General Manager, Retail Banking of Bank of China; Val Yao, Head of Personal Banking of Societe Generale China; and Charlie Zhang, General Manager of Personal Banking, Bank of East Asia (China).
Retail Financial Services China Summit will gather CEOs, Heads of Retail Banking, Heads of Consumer Banking, Heads of Wealth Management and Head of Personal Financial Services in China and is the only event in China which will provide comprehensive coverage on how you can tap into the growth of the retail financial services industry in China.
Don’t miss the opportunity to join over 400 senior level Chinese retail bankers who have already been invited to this event. To find out more about this summit, please email enquiry@iqpc.com.sg
Media contact:
International Quality and Productivity Center (IQPC Worldwide Pte Ltd)
Mr Yip Teck Chee
Tel: +65-67229388
Email: teckchee.yip@iqpc.com.sg
