KPMG最新研究报告--中国城市商业银行的机遇.pdf

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China’s mercial banks: Opportunity knocks? 1
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 ‘third-
tier’ mercial banks and the opportunities (and risks) they present foreign
investors.
Some would argue the risks are high — that the mercial 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
ration. Not to mention mercial 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 mercial 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 mercial
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:
• mercial banks can indeed provide an entry into the China banking
market for a relatively low cost — but investors need to be realistic.
• mercial 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 mercial banks and there are now few decent
mercial banks available.
• mercial banks are not only looking for capital: they are also looking for
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