Financial institutions are under constant pressure to reduce costs, improve operational efficiency, adapt to regulatory changes and grow their business. NRI believes that a combination financial knowledge and information technology are crucial to the industry’s growth and development. Through our lakyara reports, NRI identifies the various capital markets and IT issues impacting our clients and the future of their business.
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Chinese Capital Markets
China is steadily internationalizing the renminbi. In January 2011, it legalized renmenbi-funded foreign direct investment. Against such a backdrop, Hong Kong is focused on providing renminbi financial services in the aim of becoming a key renminbi offshore center.
With the number of new retirees set to decrease sharply going forward, financial institutions have ceased to show much interest in the lump-sum retirement benefit market. However, there are many regions in which total retirement benefit payouts will not decline much. It is still important for financial institutions to offer asset management services targeted at such retirement benefits. Financial institutions need to take a fresh look at retirees' asset management needs and develop new services to meet them.