Friday, April 7, 2017

Financial institutions, overseas Chinese increased percentage ... Diversified needs



Topped with more than 400 overseas branches of [Korea goyounghun financial newspaper reporter] last year, domestic financial institutions, and appeared to increase. However, the proportion of China's overseas branch was in need is increasingly diversified.

Seven days, according to the Financial Supervisory Service, overseas branches of domestic financial institutions increased by 11 396 compared to the end of the previous year 407 dogs dogs 44 countries.

Late last year, the current number of overseas stores revealed that the bank has 178 places, 112 places a financial venture, Insurance 81 places, 33 places warrior, three holding companies. Korean financial companies have entered into (280 pieces), 68.8% in Asia, the Americas (70) 17.2% Europe 9.8% (40) Net.

Southeast Asia (Vietnam, Indonesia, Myanmar, etc.) areas, the bank still mainly for reasons of financial market development demand and auto loans due to the high growth potential, expansion of infrastructure expansion has seen an increase. Recent trends in domestic financial institution was expanding its overseas sales network through the expansion of the branch subsidiaries.

In addition, entry barriers through the establishment of new branches or subsidiaries in Southeast Asia gotta gradually strengthen the overseas markets through local financial institutions mergers and acquisitions (M & A) has been actively conducted. In recent years, a growing number of local subsidiaries entered into two kinds of industries, such as the relatively low barriers to entry, a small business loan from a bank and Southeast Asian countries around the warrior.

FSS official said two kinds of industries, including "domestic financial companies growth potential is high in Vietnam, there is a foray into the emerging Asia is accelerating, such as Myanmar, Indonesia," said "due to the strengthening of new entry barriers local financial institutions mergers and acquisitions, and small loans up were diagnosed with active status "it entered into.

However, foreign assets of China's regional branches accounted for the proportion continues to rise (in 25.9% 2015 → 27.9% 2016 years) have emphasized the need to diversify the overseas regions for China risk dispersion.



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