好东西不多说，给大家分享，上介绍：

Preface
There has been mounting interest in China’s large and problematic banking sector
as foreign institutions continue to jockey for position.
Government regulators have been focused on solving the systemic problems
that plague the industry while foreign investors have been opening their wallets
to purchase stakes in joint-stock banks. Less is known however about the ‘thirdtier’
city commercial banks and the opportunities (and risks) they present foreign
investors.
Some would argue the risks are high — that the city commercial banks have
even greater problems than the four massive state-owned banks, with high
non-performing loan ratios, poor capital adequacy ratios and limited market
penetration. Not to mention city commercial banks have significant local
government influence and management systems that are often years behind
international standards.
Yet a number of foreign investors have purchased stakes in city commercial banks
and an even larger number are standing in line for their chance. What is it that they
see that the sceptics don’t?
KPMG has researched the sector and interviewed a number of banking
executives, some of whom had entered into deals to invest in city commercial
banks. Our objective is to provide fact-driven analysis and informed views on the
opportunities and risks within the market.
The key findings of the report are:
• City commercial banks can indeed provide an entry into the China banking
market for a relatively low cost — but investors need to be realistic.
• City commercial banks suffer from the same problems plaguing the banking
sector in China — such as high non-performing loan ratios and low capital
adequacy ratios.
• The quality varies among city commercial banks and there are now few decent
city commercial banks available.
• City commercial banks are not only looking for capital: they are also looking for
products, management and systems — foreign banks are more likely than a
local institution to be able to offer these.
• Only with a long-term strategic view does an investment make sense, and
even then, investors must be prepared to invest a substantial amount of time
and effort into making it work.