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 The financial services sector in Greater China is undergoing rapid changes
that are creating numerous challenges and opportunities for local and foreign
financial institutions. Firms on the mainland, Taiwan, and Hong Kong all face
increased pressure from investors to improve performance, making business
innovation, customer service, operational control, and risk management
increasingly vital.
Having gone through the restructuring necessary to list on
foreign stock exchanges, Chinese banks face increased pressure from
investors to improve performance, transparency, and governance.
Firms in the region’s financial center, Hong Kong, continue to
face fierce competition in acquiring and maintaining customers,
innovating products and services, and retaining talented people.
Multinational financial institutions continue to expand their business
in Greater China, focusing on the retail business, new acquisitions,
and network expansion in the mainland, and service consolidation and
performance improvement in Taiwan and Hong Kong.
McKinsey’s Financial Services in Greater China serves
leading local and global retail and commercial banks, insurance companies,
investment banks, and asset-management companies in several critical areas:
strategy, governance and organization, performance management, operations
and risk management, and product development. With more than 1,000 financial
services experts and consultants working in nearly 50 countries, our unprecedented
scale and scope enable us to bring targeted geographic, functional, and
industry knowledge to each consulting relationship.
Read more on the Financial Services Web site  | | | Listing a Major Chinese Financial Institution | | | A major state-owned financial institution needed a compelling strategy to prepare for its international listing. | |
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 | | | Designing a Profitability Reporting System for a Commercial Bank | | | One of the largest commercial banks in China lacked a reporting system that could accurately assess profitability by business unit, product, customer, and geography.
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 | | | Helping an Insurance Company Grow into New Markets | | | A large insurance company needed to upgrade its sales force, expand into new sectors, and grow its capital base to capture new opportunities. | |
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