Fitch's Wu Says China Committed to Financial Reform

The transcript discusses China's public commitment to financial sector reform, coinciding with a US presidential visit. Despite legislative progress, foreign banks face challenges due to ownership restrictions and market conditions. The removal of the loan-to-deposit ratio offers some relief, but the banking sector's slow growth and asset quality issues limit foreign interest. Investment in Chinese banks remains significant but risky, with limited opportunities for foreign banks.

In what ways has the growth of China's banking system changed recently?

What challenges do foreign banks face when considering investments in Chinese banks?