Overseas Chinese banks

Overseas Chinese banks

Overseas Chinese banks excelled in commerce, finance, and many other industries. They created many banks originally to remit money back to China but now they cater to the people of their adopted countries. These overseas Chinese banks contributed to a large extent to the development of the countries and communities in which they were located. Overseas Chinese banks normally refer to Chinese banks outside of China, Taiwan, Hong Kong and Macau.

Contents

Southeast Asia

The Overseas Chinese banks are mostly situated in Southeast Asia where the local overseas Chinese population plays a significant if not dominant role in the local economy.

Indonesia

Singapore

Malaysia

Philippines

Thailand

Canada

United States

In addition to Southeast Asia, the second location where most overseas Chinese banks are is the United States. However, unlike Southeast Asia where Chinese play dominant roles in the local economy, the Chinese American's share of the highly developed American economy is small and most oversea Chinese banks in the United States are privately held.

Strategy for survival

The oversea Chinese banks in the United States are hardly able to compete with the well established mainstream banks on equal terms and their assets are often far less than that of those well established mainstream banks. Therefore, most overseas Chinese banks in the United States adopted a different strategy than their Southeast Asian counterparts by serving a particular segment of the market. Most overseas Chinese banks are relatively small banks in terms of assets and they began as community banks catering to their local Chinese community in the United States. A few of the banks would later expand to the national level but most remain at the community level, tailoring to the specific needs of the local oversea Chinese such as helping them to remit money back to China, to provide finance for import and export businesses, and real estate.

Distribution in the United States

Most overseas Chinese banks in the United States are concentrated in the western part of the country and in New York City mirroring the traditional population distribution of the Chinese Americans in the United States. Recently, some overseas Chinese banks began to open offices in other parts of the country following the new Chinese immigration pattern.

List of Overseas Chinese Banks in the United States

Latin America

There is only one Overseas Chinese bank in the Latin American region.

Costa Rica


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Overseas Chinese — Overseas Chinese …   Wikipedia

  • Chinese Singaporean — 新加坡华人 新加坡華人 …   Wikipedia

  • Chinese emigration — Chinese diaspora redirects here. For other uses, see Overseas Chinese. Map of Chinese Migration from the 1800s to 1949. Waves of Chinese emigration (also known as the Chinese Diaspora) have happened throughout history. The mass emigration known… …   Wikipedia

  • Chinese American — Chinese Americans 華裔美國人 or 美籍華人; 华裔美国人 or 美籍华人 …   Wikipedia

  • Chinese American history — is the history of Chinese Americans or the history of ethnic Chinese in the United States. Chinese immigration to the U.S. consisted of three major waves, with the first beginning in the 19th century. Chinese immigrants in the 19th century worked …   Wikipedia

  • Chinese American Bank — Former type Private Industry Finance and Insurance Founded New York City (1967) Defunct …   Wikipedia

  • Chinese immigration to Puerto Rico — Location of the island of Puerto Rico (green) Large scale Chinese immigration …   Wikipedia

  • Chinese immigration to Australia — Chinese immigrants to Australia at the Pageant of Nations, Sydney Town Hall 1938 Chinese immigration to Australia dates back almost two hundred years, with Mak Sai Ying being the first recorded settler. The 2006 census showed that 221,995 people… …   Wikipedia

  • Chinese people in Burma — Burmese Chinese Lion dance performances in Yangon s Chinatown during Chinese New Year celebrations in 2011. Total population 1,662,000 (est.) …   Wikipedia

  • Chinese enclaves in the San Gabriel Valley — Hsi Lai Temple in Hacienda Heights, second largest Buddhist temple and monastery in the Western hemisphere. Chinese Ethnoburbs in the San Gabriel Valley are a vital demographic component of the region and the San Gabriel Valley has achieved… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”