Senior bankers in China remain confident that the economy will continue to provide a favourable backdrop for the banking industry, despite a slowdown in growth. However, some concede that a more complex economic environment in China and abroad will bring greater challenges to the banking system, especially in risk management.
Qian Wenhui, executive director and executive vice-president at Bank of Communications, says: “China is [likely] to face a slowdown to a certain degree,” although he still estimates that “this year’s GDP will retain a growth rate of 10% or so, maintaining the momentum of the rapid development of recent years”.
Thanks for your interest in Euromoney!
To unlock this article:
