There are hundreds of foreign banks in China, including Standard Chartered Bank (UK), Citibank (US), DBS Bank (Singapore), Overseas Chinese Bank (Singapore), Royal Bank of Scotland (UK), Bank of America (US), Mizuho Bank (Japan), Bank of North Germany (Germany), BNP Paribas (France) Credit Agricole Orientale (France), Rabobank Nederland (Netherlands), Huamei Bank (America), Norske Bank (Norway), Nordea Bank of Sweden (Sweden), Devaday Bank (Thailand), Spanish Foreign Bank (Spain), etc.
The business scope of foreign banks varies according to the laws and management systems of banks in different countries. Some countries restrict the business scope of foreign banks in order to stabilize their own currencies; In some countries, the business management of foreign banks is the same as that of domestic banks.
It mainly relies on its understanding of the international financial market and its extensive international network and other favorable conditions to provide loans to domestic enterprises and transnational corporations in other countries to support their outward expansion and direct investment. Some foreign banks are founded by banks in one country, and some are jointly invested by banks in several countries.
Extended data:
1. Four most common foreign banks
Citibank, Standard Chartered Bank, HSBC, Bank of East Asia. These foreign banks have all launched credit card business in mainland China. Compared with Chinese banks, foreign banks have fewer types of credit cards, but different consumers can also apply for credit cards suitable for their own needs. For example, the first batch of credit cards of HSBC China are divided into three categories, which are respectively for people who like life, travel experts and HSBC Premier customers. They bring rich interests in tourism, shopping, food, entertainment and leisure.
2. The credit card threshold of foreign banks is very high
The target audience of Citibank's exclusive card is the high-end elite group whose monthly pre tax salary is more than 30000 yuan. The supporting services of the product are also rich, including providing various preferential rights and interests for cardholders, and more customer needs, providing domestic and foreign travel and life related consulting and booking services for cardholders. Standard Chartered Bank (China)'s Zhenyi series cards and Zhencheng series cards are also aimed at high-end business travel and consumer customers.
reference material: Baidu Encyclopedia - Foreign Bank
