foreign banks

Foreign banks predict strong revenue growth in China

Revenues for foreign banks in China will rise 20% by 2015, according to a survey by PwC, despite weaker economic growth.

<div style="text-align: left;"> Foreign banks such as HSBC are optimistic about their prospects in China </div>

Lillian Liu

July 18, 2012

Despite China’s subdued economic outlook and the slowdown in deal activity, foreign banks told PricewaterhouseCoopers (PwC) in a new survey that they are optimistic about earnings in the country and predict their annual revenue growth to reach 20% or more by 2015.

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