Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Banks urged to digitalize
Print Edition
CHINESE banks should invest at least 3 percent of their annual income in technology and digitalization in order to win back clients lost to alternative financial services, consulting firm McKinsey & Co said yesterday.
Leading global banks invested 17-20 percent of pre-tax income in digitalization while domestic lenders lagged behind as they did not see it as a business strategy, McKinsey said.
“The lack of strategy in digitalization would eventually impact banks’ return on equity or productivity ... and giving market share to other emerging financial technology services,” said Joe Ngai, managing partner of McKinsey China.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
