May Yan Quotations

The government is determined to change this sector.

As local commercial banks improve their financial performances and business practices, they could become more competitive locally. Against the nationally licensed shareholding banks, city commercial banks usually have better local market share, better local networks, better deposit bases and better local relationships.

While large banks need to cut network and work forces to enhance efficiency, small city commercial banks may need to expand to increase economy of scale.

The whole property sector has been quite hot.