Most Chinese prefer to hold savings in the bank, or even in cash. Investing in stocks, buying insurance, and using a credit card are all relatively new concepts…with huge growth potential.

Financial Services

The market

The commitments China made when joining the World Trade Organization have resulted in an accelerated opening up of the financial sector and a wealth of opportunities for foreign institutions. Meanwhile, citizens have begun to grow wealthier and are searching for better ways to manage their savings. While the country has accumulated official foreign reserves of over US$1 trillion, individuals have accumulated even greater savings, totaling US$1.7 trillion. Of these, only about a third was under management at the end of 2005. The equity markets, though still undergoing much-needed reforms, are growing at an annual pace of about 20%, futures at 45%, and the insurance market at 45%. Reforms continue in the banking sector at large, creating a more open field for foreign financial institutions with quality products.

How we can help you access this market

China’s financial markets will continue to provide good opportunities to foreign entrants with realistic goals and sound strategies. The Balloch Group has helped a number of financial services companies to determine the best way for them to take advantage of the opening up in this sector. We can work with you to find your path into this market, including capital markets. Our experience includes assisting firms in applying for the right to invest Chinese institutional funds overseas. Speaking more broadly, our knowledge of the sector can be put to work to determine where your company fits best in and how to benefit from this growing market. Our clients and success stories pages provide more information on our achievements in this sector. Or, you can contact us directly to learn more about what we can do for your firm.