What is the difference between a Chinese bank and a foreign bank?

This is an interesting question, and those who answer well should be awarded 100 points. Anyway, I can't answer all the answers, so I'll just talk about my personal opinion.

Business: The business scope of foreign banks is still within the scope of the People's Bank of China's license, there are no privileges, and the responsiveness of domestic banks to new business is still high.

Bookkeeping system: This is not critical for a bank. Because no matter how bad it is, it is not much worse, and in recent years, the national centralized system of various banks has introduced the design concept of foreign more advanced systems, and several of them are made by IBM.

System: This domestic bank has a foundation, and foreign banks need to invest a lot to build a national networking system, but foreign banks are even worse. For example, the domestic institutions of foreign banks are still entrusting domestic banks to their remittance business.

Branches: Foreign banks will certainly not open any branches to domestic banks, so their targets may be concentrated in domestic high-income groups, foreign-funded enterprises, etc. This has implications for domestic banks.

Less than 50% of the profits of foreign banks are generated by loan differences, and the rest depends on intermediate business income, such as card (discount) fees, fees for sending statements, and handling fees for settlement business. Domestic enterprises (individuals) cannot accept it for a short time. Domestic banks' intermediary business accounts for less than 20% of their revenue.

So now it's starting to charge as well.

So I think there is a shock, but it won't be too big. Domestic banks will also learn some advanced things in the shock (competition).

Advantages of Chinese banks:

a. Local advantages.

b. Market advantage.

c. Financial strength.

d**Yes.

The disadvantages of Chinese banks are:

A low level of business development and a single variety.

b. Lack of effective risk prevention means and tools.

c. Insufficient development of international financial business.

d. There are few varieties of intermediate business and the scope of business is narrow.

Advantages of foreign banks:

Advantages in scale, business, management, and supervision.

Disadvantages of foreign banks:

aDisadvantages in the scope of business.

b. Disadvantages of setting up a branch office.

c. The issue of localization of products and technologies.

d. The problem of honest expansion.

Bank of China and foreign banks in detail:

Bank of China. The full name is Bank of China Limited (BOC), head office is located at No. 1 Fuxingmennei Street, Beijing, and is one of the five major state-owned commercial banks. Bank of China's business scope covers commercial banking, investment banking, insurance and aviation leasing, and its subsidiaries include Bank of China Hong Kong, Bank of China International, Bank of China Insurance and other holding financial institutions, providing financial services to individual and corporate customers around the world.

As the most international and diversified bank in China, Bank of China provides comprehensive financial services to customers in Chinese mainland, Hong Kong, Macau, Taiwan and 37 countries. It is mainly engaged in commercial banking business, including corporate gold.

Financial business, personal financial business and financial market business. In July 2013, the British "The Banker" (the

Banker) magazine published its 2013 ranking of the world's 1,000 largest banks, ranking 9th, in line with the 2012 ranking. In addition, the World Brand Lab released the 2012 "China 500

Bank of China ranked 10th with a brand value of 100 million yuan, up one place from 2011 and second in the banking industry.

Foreign banks. It is a bank opened in China by foreign financial capital, including the following four types:

1 Wholly foreign-owned banks are all foreign financial capital.

2 Sino-foreign joint venture bank Jointly funded and established by a foreign financial institution with Chinese companies and enterprises.

3 Branches of foreign banks.

4 Representative offices of foreign banks.

Foreign-funded banks say that they have good services when they collect money, but Chinese-funded banks make noise when they collect so little money.

The total service fees of foreign-funded banks are at least 1,200 years (the lowest), and the service fees of Chinese-funded banks are less than 50 a year (the highest).

Foreign banks want more than 500,000 customers, Chinese banks want any customers, foreign banks in a medium-sized city there are one or two, Chinese banks in a medium-sized city at least 10 or more, foreign bank cards can be used in any ATM in China, but the ATM network is laid by the Chinese banks themselves, the charge is 10 yuan, foreign banks are making money (and it is self-made), Chinese banks are also making money (but there are pay, At least serve the Chinese people for more than 20 years.

This issue is more complicated, let's keep it simple, foreign banks can do business nationwide, while state-owned banks can only do business in their localities.

What is the difference between foreign banks and domestic banks? After reading the increase knowledge.

Foreign exchange banks in China include HSBC, Standard Chartered Bank, Bank of East Asia, Hang Seng Bank, Bank of America, OCBC Bank, Bank of Montreal, ANZ Bank, DBS Bank, ABN AMRO, Deutsche Bank, Wing Hang Bank, NCB Bank, Woori Bank, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, Société Générale, Citibank, Sumitomo Mitsui Banking Corporation, Morgan Stanley International Bank, Bank of Tokyo, JPMorgan Chase Bank, United Overseas Bank, Hana Bank, China Commercial Bank, Concord Bank, Royal Bank of Scotland, East West Bank, Shinhan Bank, Dah Sing Bank, Exchange Bank, Bangkok Bank, First Sino Bank, Metrobank Bank, Zhengxin Bank.

A foreign-funded bank is a bank established by a wholly foreign-owned bank within the territory of the country. The scope of business of foreign banks varies according to the banking laws and regulations of each country. In order to stabilize their currencies, some countries impose restrictions on the business scope of foreign banks; There are also countries that manage the business of foreign banks on the same basis as their own banks.

It provides loans to domestic enterprises and multinational corporations in other countries to support their outward expansion and direct investment, mainly by virtue of its knowledge of the international financial market and its extensive international network. Some foreign banks are founded by banks in one country, and some are jointly invested by banks in several countries. Foreign banks in China include the Bank of Tokyo, Citibank, and Bank of East Asia.

With the rapid development of global financial services** liberalization, the internationalization of the banking industry has increased significantly. Since the reform and opening up, foreign-funded banks have gradually entered China, especially after joining the WTO, foreign-funded banks have developed rapidly and gradually played an important role in China's financial system. With the deepening of competition among Chinese and foreign banks, the advanced management concepts and operating methods of foreign banks will play an exemplary and promoting role in a wider range and deeper level for Chinese banks, which is both an opportunity and a challenge for Chinese banks.

In response to the challenges, Chinese banks will also take the initiative to learn from and learn from the successes of foreign banks on the basis of their existing comparative advantages, so as to promote the development of China's banking industry.

First, the largest number of overseas branches are: Bank of China, China Construction Bank, second, workers and peasants, and China Merchants Bank also has branches abroad.

1. Bank of China New York Branch.

2. Bank of China Queens Branch.

3. Bank of China Los Angeles Branch.

Pay attention to remittances from abroad to Chinese banks;

The account number of a domestic bank, RMB and foreign currency accounts are acceptable. If it is the former, it will be settled and credited, and the latter can be recorded in the original currency.

If you send money from a large bank in a developed country (such as Citigroup and HSBC), you only need to provide the name of the remittance bank, yours, the account name can be, of course, in English.

For other banks, first of all, you have to consult your bank, the remittance route they provide is the safest, in addition to the above three points, you should also provide the overseas account bank of the remittance bank (some are called intermediate banks).

HSBC,

Standard Chartered Bank, Bank of East Asia,

Citibank, Hang Seng Bank,

Mizuho Industrial Bank of Japan

Bank of Tokyo-Mitsubishi UFJ, Japan

DBS Bank Singapore,

ABN AMRO, Wing Hang Bank,

OCBC Bank of Singapore

JPMorgan Chase Bank, Industrial Bank, China CITIC Bank, Minsheng Bank, China Everbright Bank.

Foreign-funded banks refer to the following institutions established within the territory of the People's Republic of China with approval in accordance with the relevant laws and regulations of the People's Republic of China: wholly foreign-funded banks funded by a foreign bank alone or jointly funded by a foreign bank and other financial institutions; Sino-foreign joint venture banks jointly funded by foreign financial institutions and Chinese companies and enterprises; branches of foreign banks; Representative offices of foreign banks.

One more to add, I also know Sumitomo Mitsui Banking Corporation in Japan.