Huge space for development of village banks in Shandong Foreign urgent,

 It is understood that Bank of Tokyo-Mitsubishi UFJ, Citibank, Hana Bank, Bank of East Asia and others have recently set up branches in Shandong plan. International Investment Promotion Center of Shandong Province set up a special coordinating body recommended to coordinate the establishment of branches in the process of solving the problems encountered, to provide site selection, approval, and other aspects of quality service, provide a good investment environment.

recent years, although foreign banks developed rapidly in Shandong Province, there is still much room for development, particularly rural banks urgently fill the gap.

Shandong International Investment Promotion Center, according to research in recent years, the development of foreign banks in Shandong significantly faster. So far, HSBC, East Asia, Standard Chartered Bank, Hana Bank, Shinhan, Nanyang Commercial, Mizuho Corporate, Yamaguchi, overseas Chinese, Busan, South Korea, more than 10 foreign banks set up in Qingdao; Hana Bank, SME, Singapore, UOB, Hong Kong's Hang Seng and several foreign banks located in Yantai. In addition, Japan Bank of Tokyo-Mitsubishi UFJ, China Banking Regulatory Commission has submitted the material to open a branch in Qingdao, Shandong, Citibank has opened a branch in the plan, Hana Bank, Bank of East Asia have plans to open a branch in Jinan, South Korea Industrial Bank has established a representative office in Qingdao.

Moreover, the development of foreign banks will also help the province meet the needs of different business enterprises. On the one hand, with a higher level of export-oriented enterprises in the need for loan financing and other traditional banking services, but also need to avoid exchange rate risk, financial management, and intermediary business and other foreign banks have an advantage in business. On the other hand, foreign banks with overseas branches and more on a better understanding of overseas markets and many other advantages, such as in Shandong to set up branches in Shandong enterprises to invest overseas mergers and acquisitions, business will play a positive role.

in promoting the establishment of branches of foreign banks at the same time, strive for the establishment of village banks in Shandong. It is understood that the central and western China and the Government to encourage banks to establish branches in poorer regions, including the establishment of village banks, many foreign banks to expand branches of this as an important opportunity, HSBC, Standard Chartered, Citigroup and Australia opened a new capital in China Village Bank, which HSBC has opened 8, Shandong urgent need to fill this gap. Meanwhile, we should encourage and facilitate a network in Qingdao, Jinan foreign banks to establish branches. Currently, East Asia Bank, Hana Bank and Standard Chartered Bank will open branches in western Shandong included in the agenda.

foreign banks to promote more Due to the retail business to individuals and SMEs as a target of foreign banks, the demand for network expansion in investment banking business than to big business as a target for foreign banks to be much stronger, therefore, to attract retail business, the company loans and credit cards and other business-oriented foreign banks located in Shandong can play a multiplier effect; and engaged in numerous global business banking outlets, can help enterprises play a role in global development.


However, compared with the developed provinces and cities in Shandong Province, the number of foreign banks is still relatively small, in the uneven distribution of various regions, the majority of towns and villages is point blank, eagerly look forward to.