China's World Trade Organisation accession presented a major opportunity for SAR banks, the Hong Kong General Chamber of Commerce heard yesterday. Addressing a meeting on the topic were David Wong Shou-yeh, left, chairman of Dah Sing Bank, and K.C. Kwok, right, chief economist for Standard Chartered Bank, flanking chamber director Eden Woon Yi-teng. Mr Kwok told the meeting that foreign banks would aim to dramatically transform their business mix on the mainland - now dominated by corporate banking - to consumer banking. Entry to the WTO would advance this objective, but banks would need to exercise great patience as implementation details were released by the People's Bank of China and strategic alliances were forged to help enter the local market, Mr Kwok said.
