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And the competition in the industry is getting more harsh, with growing uncertainties involving changing global policies, shifting customer preferences and emerging new technologies, according to Zhu.
Analysts said the move by Goldman Sachs showed that foreign banks remain bullish about the prospects of their business in China as further financial liberalization is expected to bring more business opportunities.

An online event was also held by Longyuan South Africa Renewables of China Longyuan Power Group Corp, a subsidiary of China Energy Investment Corporation (China Energy), to demonstrate how Chinese SOEs fulfill their responsibilities in overseas markets.
Analysts say that Chery's plan to introduce investors is in line with the National Development and Reform Commission's announcement in late May that it supports State-owned and private carmakers to attract investors and partners to become competitive.
And Chinese fintech giant Ant Financial Services Group, Alibaba's payment affiliate and owner of Alipay, has acquired a stake in Paytm, India's largest mobile wallet operator by user number.
来源:资阳报