New Regulations in Chinese Banking Means Outsourcing Success
Filed in archive Outsourcing News by Carol Kendrick on January 2, 2007

which could be a barrier in outsourcing deals.Recently, China has removed another restriction which is to allow foreign banks to operate in local currency. The removal of this restriction was considered to be a "milestone decision" in the entire banking system.
The advantages of international banks collaborating with local banks were also viewed as essential in an outsourcing success. Some advantages mentioned were:
-easier recruitment and training of needed employees
-cost-saving in terms of infrastructure
-having access to low-cost locations and destinations
-able to have easy and effective management and support system
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Mr Wong
