Chinese banks to emphasise fees over asset growth in the coming years – PwC

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Domestic banks in China are increasingly focusing on fee-based intermediary businesses in the face of increased competition and capital constraints from interest rate liberalisation and Basel III, according to consultancy and accounting firm PwC. According to a survey presented jointly by PwC and the China Banking Association, 60% of bankers interviewed believed that the liberalisation of the domestic interest rate posed the biggest challenge to their businesses in the coming years. The Peopl