What are the prospects for foreign banks? For example, Citi, HSBC and the like 5

There is no Chinese agricultural construction in general.

Domestic and foreign banks such as HSBC, Standard Chartered Bank, Bank of East Asia, DBS Bank, ABN AMRO, Deutsche Bank, Concord Bank, Shinhan Bank, etc. In the more than 40 years since China's reform and opening up, foreign banks have played an important role. In some industries, foreign companies occupy a key leadership position in the industry, and also have many market advantages.

Foreign banks can engage in the following businesses: RMB business; absorbing deposits from the public; short-term, medium- and long-term loans; Handle the acceptance and discounting of bills of exchange; buying and selling**bonds, financial bonds, and **foreign currencies with value**; Provision of letter of credit services and guarantees.

China launched QDII applications in 2006. Since then, China's domestic investment market has finally had the opportunity to enter the global capital market, and China's cross-border asset investment market has entered a new stage of development. Compared with domestic**, QDII's investment risk is more diversified, and the exchange rate risk caused by dependence on the single market is correspondingly reduced.

Foreign banks have a natural advantage in understanding the international** and overseas markets, so QDII is also a feature of foreign banks' wealth management products. By the end of March 2020, China's banking institutions had received a total of US$100 million in QDII quotas, of which 15 foreign banks and branches had received a total of US$11 billion, accounting for 74%. However, in recent years, the process of foreign banks applying for and obtaining QDII has slowed down.

From March 2015 to March 2020, no new foreign banking qualifications were obtained in five years.

Banks are the most important players in the forex market. Foreign exchange market maker refers to providing liquidity to the foreign exchange market and improving the efficiency of market trading by lowering the threshold of foreign exchange trading. With the continuous advancement of the Belt and Road Initiative, the demand for currency exchange and investment transactions in countries and regions along the route is becoming increasingly strong.

Or domestic forex market makers have expanded their tradable currencies and opened trading operations for emerging market currencies to enhance their market-making capabilities. Foreign exchange settlement sales are the main income of commercial banks' international business**, and foreign banks have strong competitiveness in international business. By the end of 2019, a total of 518 banks in China were qualified for spot settlement and sale of foreign exchange, including 106 branches of foreign banks and 35 wholly foreign-owned banks.

More than 60% of the foreign banks on the list have obtained this qualification, which shows that this business is not only a business area that competes with Chinese banks, but also a fierce competition among foreign banks.

Citibank, Bank of East Asia, Hang Seng Bank, HSBC, Bank of America, and OCBC Bank are all foreign banks in China. It is mainly engaged in the business of remittance, investment, dual supervision, bank card business, investigation of the economy of the market, and contact with relevant developments.

There are many, such as HSBC, Bank of East Asia, Hang Seng Bank, BNP Paribas, Deutsche Bank, Citibank, Wing Hang Bank, etc., which are engaged in financial products and services.

Citibank, HSBC, Hang Seng Bank, OCBC Bank, Bank of East Asia, can buy and sell bonds, can make investments, can take deposits from the public, can make loans, and can also carry out bill acceptances.

Traditional business may not be as good as domestic banks, but it may have an advantage over domestic banks in terms of business philosophy, employee income, and investment and wealth management business.

It may be that the management is more in line with the requirements of the modern enterprise system, the service is more dislike the poor and the rich are loved, and the service fee is higher.

Foreign-funded banks have some new foreign financing and wealth management methods, and their management is relatively advanced.

China's five major banks rely on the strong background of the best institutions, have a monopoly position in the field of domestic commercial banks, and play an important role in China's economic construction, but in essence they are only deposit banks, and most of their business areas are still relatively low-level.

HSBC, Citigroup, and Standard Chartered are global multinational banks and core banks in the global financial system.

HSBC is the largest financial giant in Europe All kinds of businesses account for an equal proportion of important roles in the economy of Europe, America and Asia, and also has a very important position in the domestic financial field in Hong Kong, the United Kingdom, France and other countries and regions He is also one of the leading private banks and wealth management institutions is the second largest shareholder of the Bank of Communications and HSBC China is also the largest foreign bank in Chinese mainland and the top 20 commercial banks in Chinese mainland by assets.

Citi is one of the world's largest multinational retail banks and wealth managers, and his positioning is focused on retail banking, especially in commercial banking, credit cards and consumer credit, and consumer banking, but he also has an investment banking division and the public sector, and also plays an important role in cross-border and global finance.

Standard Chartered is slightly inferior to the first two, but its position should not be underestimated, and it has a well-established layout in Africa, the Middle East and the ASEAN region, which is closely connected with developed countries, Asia and other emerging markets, and plays a vital role in the ** exchanges with these regions.

1. Most foreign banks have used foreign emerging science and technology and introduced advanced data analysis and accounting management systems, while many domestic banks in China are still using traditional computing algorithms.

2. The management system of China's domestic banks is better than that of foreign banks, because some foreign banks also need the management team fighting system of China's domestic banks as the standard for business division;

3. The number of offline operating outlets of domestic banks in China is more than that of foreign banks, and the penetration rate is also wider, because the main service objects of domestic banks in China are the people at the grassroots level and small and medium-sized enterprises in China, while the main service objects of foreign banks are foreign-funded enterprises and high-income groups.

The above is the difference between foreign banks and domestic banks.

In order to further develop foreign banks, they have increased the types of business and the number of offline operating outlets. However, with the expansion of business, foreign banks need more professionals to formulate a better development direction for the bank, so foreign banks transfer technical personnel with advanced management experience back to China from overseas to introduce better talents and better management experience for the development of the bank.