A view of the skyline of Lujiazui, Shanghai’s financial district, from the city’s Bund. China’s government in 2007 allowed foreign banks to be incorporated in the country for the first time, fulfilling a liberalisation obligation under the World Trade Organisation. Photo: Reuters

Ten years on, what are foreign banks getting from China’s financial Big Bang?

It’s more hype than profits, but hope springs eternal in the potential market size of the world’s most populous nation

Topic |   Banking & Finance

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A view of the skyline of Lujiazui, Shanghai’s financial district, from the city’s Bund. China’s government in 2007 allowed foreign banks to be incorporated in the country for the first time, fulfilling a liberalisation obligation under the World Trade Organisation. Photo: Reuters
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