Executive Summary 4
Survey Findings 9
1. Strategy 10
2. RMB internationalisation 18
3. Hong Kong – A changing competitive landscape 21
4. China (Shanghai) Pilot Free Trade Zone 24
5. Talent 28
6. Profitability as a KPI 32
PwC Perspectives 36
1. The Third Plenum: New roadmap for achieving the China Dream 37
2. Interest rate liberalisation and development of the bond market 41
3. Internationalisation of the RMB 49
4. The China (Shanghai) Pilot Free Trade Zone: A new era of reform and
opening in China 53
5. Other regulatory reforms 57
Appendices 62
Participants by country / territory of origin 63
List of locally incorporated banks 64
Top 50 Chinese banks ranked by Tier 1 capital 65
The American Chamber of Commerce – Viewpoint 66
The European Chamber of Commerce White Paper - Banking and Securities
Working Group 68
Partners in success 70
About PwC 71
Contacts 72
Services we offer 73
Acknowledgements 74