UK banks continue to fall in global ranking, as Chinese dominance increases

[qamar1990]

There has to be a reason for the animosity. Is the etiology of your hate -- historical based?

of course its historical based lol..

 

[Aepsilons]

That's right.

East Asian countries also have very high savings rates, which gives banks more deposits to hold as reserves, so depending on the reserve requirement ratio, allows them to lend out more money too.

And the people in East Asia are also less likely to buy things on credit/loans as well, I guess we are more risk-averse when it comes to money issues. Which could be both an advantage and a disadvantage, depending on the situation.

I think it is part of our Confucian culture that emphasizes saving. My grandmother once warned me as a child against spending excessively, "If you spend too much, you live like a king for a day. But you will die a pauper." That stuck to me ever this day.

 

[Chinese-Dragon]

I think it is part of our Confucian culture that emphasizes saving. My grandmother once warned me as a child against spending excessively, "If you spend too much, you live like a king for a day. But you will die a pauper." That stuck to me ever this day.

Yep I am crazy about saving as well. Even when I was a kid and we got those red packets during Chinese New Year I would never spend them, I would always save them.

 

[Genesis]

Yep I am crazy about saving as well. Even when I was a kid and we got those red packets during Chinese New Year I would never spend them, I would always save them.

really? You are from HK right. I guess we differ here. Having grown up in the West, my saving habits are none existent, and I'm hugely in debt. Though not in a bad break my legs kinda way, just about little more than half of my check goes to mortgages, and credit card payments.

 

[Chinese-Dragon]

really? You are from HK right. I guess we differ here. Having grown up in the West, my saving habits are none existent, and I'm hugely in debt. Though not in a bad break my legs kinda way, just about little more than half of my check goes to mortgages, and credit card payments.

Man you should really maintain Chinese habits when it comes to saving money, look at our banks they are now the biggest companies in the world. Look at our domestic investment sector, again the largest in the world.

Saving and investment is really the best way to go for the long-term.

Buying stuff is great too, as long as you're getting good value for money.

Hope you're doing well over there.

 

[Aepsilons]

Yep I am crazy about saving as well. Even when I was a kid and we got those red packets during Chinese New Year I would never spend them, I would always save them.

Ha Ha. You're smart then. As they say, "Early to bed , early to rise, makes a man, healthy, wealthy and wise." Wealth develops from responsible habits.

really? You are from HK right. I guess we differ here. Having grown up in the West, my saving habits are none existent, and I'm hugely in debt. Though not in a bad break my legs kinda way, just about little more than half of my check goes to mortgages, and credit card payments.

Its good that you're paying mortgage, as this builds equity. But i notice living in the 'states, everything adds up if one isn't aware of spending habits.

 

[xyxmt]

why only target UK banks, what else is not falling in UK including their Ego

 

[Beidou2020]

Chinese banks must improve the services they offer to compete with the US banks globally. Size alone is not good enough.

 

[mike2000]

Why so hostile against the British ? I have a hunch, but please elaborate.

Exactly my friend, i dont know what he has against us.
I thought he would hate the U.S more giving all the drones the U.S uses to kill militants and civilians there. we are just following the U.S.