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Banking on China: Successful Strategies for Foreign Entrants
Banking on China: Successful Strategies for Foreign Entrants |
| Report - Business | |
| Sunday, 13 August 2006 | |
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Foreign investment in China’s financial-services sector has soared as the government continues to gradually open this industry to foreign competition. Players are converging on China largely because it represents an unparalleled opportunity for growth. The environment, however, is extremely complex and challenging. To achieve competitive advantage, players will need to make explicit plans for establishing a winning position in the long term. To this end, we propose three sets of actions that can help entrants set a course for success. The Boston Consulting Group is an international strategy and general management consulting firm.
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