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Financial services

Financial servicesRecent years have witnessed the unprecedented changes in China's financial services industry. Many Chinese banks and insurance companies have launched or prepare to launch initial public offerings in domestic or global market; From December 2006, the full opening of the domestic banking market has brought many new opportunities and challenges to the industry; Ambitious to enter overseas markets, many Chinese financial institutions are reshaping their business strategies. In 2008, the world financial market turmoil originated from the U.S. sub-prime crisis inevitably impacted China's financial industry and signaled the importance of sound risk management system. New global financial order, increasing industry consolidation, stricter compliance and regulatory requirements and changing domestic and global financial landscapes, together bring complex issues to the senior management of China's financial services industry.

Deloitte's Global Financial Services Industry (GFSI) practice provides tailor-made solutions to financial institutions facing the complex issues of today’s marketplace. Combined in-depth industry knowledge with technical expertise, Deloitte GFSI is a far-reaching network of practitioners around the world who offer their expertise and experience to the world's leading financial services enterprises. We understand the changes in the financial services industry, and we care for your needs, whether it is in banking, insurance or investment management.

Deloitte GFSI practice overview

  • Represented in more than 40 countries
  • With 2,880 dedicated partners and encompassing a network of more than 23,700 professionals
  • Combines assurance, tax, consulting, and corporate finance expertise as part of an effective network
  • Of the top global FSI companies ranked by market capitalization, we audit:
    • 25 percent of the top 20
    • 23 percent of the top 50
    • 21 percent of the top 100
    • 19 percent of the largest 250 FSI companies globally
  • Of the Fortune Global 500, Deloitte serves 83 percent of financial service companies listed on the Fortune Global 500:
    • Audit penetration among Fortune Global 500 is 22 percent
    • Significant Non-audit client penetration is 61 percent

Our GFSI practice in China

  • A team of more than 1,200 practitioners, including more than 100 partners and directors
  • Local professionals with global resources, assisted by many expatriate partners in our GFSI practice residing in both Hong Kong and Mainland China
  • Our Hong Kong practice is one of the GFSI Asia Pacific Centers of Excellence
  • China financial services industry Center of Excellence (FSI-CoE), established in 2011, provides thought leaderships and industry research for local customers
  • Of the top FSI companies in Mainland and Hong Kong, we provide professional services to:
    • all of the "Big Five" state-owned banks
    • the largest state-owned policy bank
    • several other joint equity banks and city/rural commercial banks
    • two of the four largest state-owned asset management companies in Mainland China
    • two of the four largest insurance companies in Mainland China.

Contact us

  • Tim Pagett
    Financial Services Industry Leader

More Learn more

  • The roadmap of rural commercial banks development
    Published by Deloitte China Financial Services Industry Center of Excellence (FSICoE), the white paper aims at providing an overview of the current challenges facing rural commercial banks in China with suggestions of response strategies and tactics.
  • Coping with the challenges of ALM of Chinese banks
    Published by Deloitte China Financial Services Industry Center of Excellence (FSICoE), the report aims at providing an overview of the current challenges facing banks in assets and liability management (ALM).
  • Branch Transformation 3.0: Construction of regional retail banking's core competence
    This report analyzes the challenges facing branches and presents insights for branch transformation for regional banks.
  • A review of the 2012 annual reports of China’s listed banks
    Providing a succinct review of key financials of 17 Chinese listed banks based on their 2012 annual reports.
  • The impacts of China's market-based interest rate reform and coping strategies
    The report proposes forward-looking and feasible strategies in the face of interest rate reform, drawing upon findings from surveys and in-depth interviews conducted across all sectors.
  • 2013 China banking industry - Top ten trends and outlook
    Reviewing the development of China’s banking sector in 2012 and outlining the major trends in 2013, the report explores the top 10 significant issues for China’s banking industry in the next 2-3 years.
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