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Abattle is brewing between domesticand locally incorporated foreignbanks over the housing loan busi-ness in China. On April 2, the firstfour locally ihcorporated foreign-funded banks-Citibank (China),
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Abattle is brewing between domesticand locally incorporated foreignbanks over the housing loan busi-ness in China. On April 2, the firstfour locally ihcorporated foreign-funded banks-Citibank (China), the HongKong and Shanghai Banking Corp. (HSBC)(China), Standard Chartered (China) andBank of East Asia (BEA) (China)--startedoperation. While theyhave been permittedto offer renminbi deposit and loan accountsfor several weeks now, these banks are nowgearing up to make a push in the housingloan business.
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