Some local mainland banks are trying to get an edge over the country's Big Four state lenders by expanding into non-banking businesses that are relatively new to the domestic players.
At least eight city commercial banks were working together to draft plans to lobby the mainland's banking regulator to allow them to set up lease financing companies, state media reported.
Industry watchers say the banks are ambitious but face obvious challenges.
via Business feed http://www.scmp.com/business/banking-finance/article/1075054/city-lenders-explore-new-ground
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