Independent Insight Provider

Stewart Paterson

Thematic (Sector/Industry)

China Financials / Thematic (Sector/Industry)

<p>A recent Bloomberg article titled "China's about to give global finance the chance of a lifetime" made me smile. In the article Bloomberg predicts that in the thirteen years between 2017 and 2030 foreign bank assets will rise from RMB 3.2 Trillion to RMB 18.8 Trillion (a CAGR of 15%) taking their market share from 1.3% to 3.1%. The underlying assumption seems to be that total bank assets will grow at a CAGR of 7%. Given bank assets currently equal about 3x GDP, one assumes that 7% is also the…</p>

A recent Bloomberg article titled "China's about to give global finance the chance of a lifetime" made me smile. In the article Bloomberg predicts that in the thirteen years between 2017 and 2030 foreign bank assets will rise from RMB 3.2 Trillion to RMB 18.8 Trillion (a CAGR of 15%) taking their market share from 1.3% to 3.1%. The underlying assumption seems to be that total bank assets will grow at a CAGR of 7%. Given bank assets currently equal about 3x GDP, one assumes that 7% is also the…

Money Matters: Chinese Financial System Opening Up- The Chance of a Lifetime?