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Why do foreign banks expand in China despite weakening profitability? Although foreign banks in China have been falling further behind domestic lenders in key profitability metrics over the past two years, the growth potential in wealth management and cross-border financing in the world’s second-largest economy might explain why they stay or even expand. While net interest margins are trending lower for most banks in China amid Beijing’s accommodative monetary policies, foreign lenders have seen their returns on lending and other interest-earning assets fall more sharply than domestic institutions. As of March 31, the gap between the NIMs of foreign banks and the nation’s six largest state-backed commercial banks, for instance, widened to 47 basis points from 26 bps two years ago, according to the China Banking and Insurance Regulatory Commission, or CBIRC.

Hong kongCao zhuXiong jinwuMichael wuMorningstar wuNation interbank funding centerShenzhen rural commercial bank coStandard charteredChina university of political scienceGuotai junanChina foreign exchange trade systemGroup holdings ltdCitigroup incInsurance regulatory commissionChina bankingHong kong based