In 2015, members in the Financial Services & Investing industry had a profitable year: 66 percent of respondents made a profit, and 72 percent reported an increase in revenue in 2015 compared to 2014. Nearly half report that the investment environment in China is improving, and at least two-thirds said changes in government policy and its enforcement have helped the business environment.
Nevertheless, challenges remain. Inconsistent and unclear laws and regulations and difficulty in obtaining licensing were the top business challenges for industry respondents.
Key Points of this Report:
- Over two-thirds of respondents plan to invest more into the Chinese market in 2016 than in 2015.
- Even though attracting and retaining executive/managerial talent and rising wages are top human-resources challenges, 50 percent of financial-sector members expect to increase company headcount in China in 2016.
- For the first time in five years, bureaucracy has become a top-five business challenge for industry respondents.
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This report distills industry-specific data from the full 2016 BCS Report, reflecting the business climate for this specific industry.