Financial Services has been a cornerstone of BCG’s business portfolio in Greater China for many years, and BCG has established a market leadership position in this industry. BCG advises many of the leading Chinese and foreign financial institutions in the banking, insurance, and securities sectors. In particular, the firm has partnered with and continues to advise:
- Many of the leading large state-owned and commercial banks on their wide-ranging commercialization and business transformation efforts
- Several leading securities firms on their business strategy and capabilities improvement programs
- Several leading insurance companies on their enterprise strategy, business unit strategy, and operational transformation initiatives
- Several leading fund managers on their market-entry and growth strategies in Greater China and across the Asia region
In addition, BCG advises many leading foreign financial institutions on their market growth strategies, which include mergers and acquisitions, joint ventures, and partnership initiatives.
Our work with these and other clients typically start with enterprise-wide strategic themes such as understanding customer needs by segment, corporate and business strategy, and competitive differentiation. Subsequently, BCG teams, assisted by a global network of experts and advisers, have also been instrumental in helping many of our clients build deep professional capabilities in key areas such as capital strategy, risk management, organization, operations, information technology, marketing, and sales force effectiveness.
BCG Greater China sees itself as a bridge between Chinese and foreign business cultures and practices.Our leadership firmly believes that success in this region requires a deep understanding of both business perspectives and the ability to meld them into a unique way of doing business in China.
- New Organizational Structure for a Financial Holding Company
- Help Transform IT Management Practices for Joint-stock Bank
- Strategic Market Assessment of a Local Commercial Bank
- Redefine a Large Chinese Bank’s Credit Card Portfolio
- Develop a Taiwan Entry Strategy for a Global Asset Manager
- Design Asia Growth Strategy for a European Private Bank
- An Financial Institutions Clients Growth Strategy for a European Bank
- Relaunching a Core Banking System Transformation Program
- Restructuring of a Leading Process Bank
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Chris Kaye Partner and Managing Director Hong Kong +852 2506 2111 |
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Frankie Leung Partner and Managing Director Hong Kong +852 2506 2111 |
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Holger Michaelis Partner & Managing Director Beijing +86 10 8527 9000 |
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Tjun Tang Partner & Managing Director Hong Kong +852 2506 2111 |
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William Yin Partner & Managing Director Hong Kong +852 2506 2111 |
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Publications
December, 2009
[PDF]Bancassurance in China: Reaching the Next Level
China's bancassurance market is growing at breathtaking speed. Meanwhile, it appears to be locked in a paradox. The new white paper, jointly published by The Boston Consulting Group and the reinsurance company Swiss Re, takes a comprehensive look at the industry's landscape, focusing on the challenges that insurers and banks currently grapple with. The paper explores how the market needs to change in order to thrive in the future, and outlines specific steps that insurers and banks can take to reach their collective goals. Insurers and banks in China must break away from the current industry structure and collaborate more closely if they hope to lift the country's bancassurance industry to a higher level of performance and achieve both profitable and sustainable growth in the future.
November, 2009[PDF]Delivering on the Client Promise: Global Wealth 2009
The latest Global Wealth report, which draws on a benchmarking study of 124 institutions, suggests that wealth managers will have to do more with less—revenues and profitability are sliding at a time when clients want more intensive service. Providing holistic advice, rather than pushing products, will provide a foundation for success, but wealth managers must make other changes to capture the opportunities created by the crisis. As a result, well-prepared wealth managers will be able to make gains—but only if they invest now, ahead of the upturn, in a clearly defined value proposition. Many will be able to enhance their offering by narrowing their product range. In addition, the report provides a detailed picture of wealth markets around the world, including the largest and most concentrated populations of millionaire households. It also explores the changes in client behavior triggered by the crisis, as well as the pressures bearing down on offshore centers.
Press Releases
December 10, 2009
Bancassurers in China Must Take Bold Action to End Market Impasse and Spur Sustainable Growth, Says New White Paper by Boston Consulting Group and Swiss Re Insurers and banks in China must break away from the current industry structure and collaborate more closely if they hope to lift the country’s bancassurance industry to a higher level of performance and achieve both profitable and sustainable growth in the future, according to a White Paper released today by The Boston Consulting Group (BCG) and the reinsurance company Swiss Re. View more
November 19, 2009
China Ranked #3 in Number of Millionaires in the World, Says Reports by The Boston Consulting Group The crisis is transforming the global map of the world's wealthiest people, with Europe nudging out North America as the richest region, according to a new report by The Boston Consulting Group (BCG). The report, titled Delivering on the Client Promise: Global Wealth 2009, is being released today. View more
BCG in the News
April 11, 2009
China Daily
US Property Dealers Eye Wealthy Chinese China had the world's fifth-largest population of millionaires in 2008, at 391,000, up 20 percent from the previous year.
March 20, 2009
Global Entrepreneur
Embrace the Crisis Banking industry still needs to act as the "blood transfusion tube" , and must be cautious about the trap that "increasing the loan means increasing the risk".
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The Future of Leadership: Conversations with Leaders about Their Challenges and OpportunitiesMore -
China's Digital Generations 2.0: Digital Media and Commerce Go MainstreamMore -
The Keys to the Kingdom: Unlocking China's Consumer PowerMore -
Winning the BRIC Auto Markets: Achieving Deep Localization in Brazil, Russia, India, and ChinaMore -
Taming the Tiger: New Realities of Doing Business in China’s Year of the TigerMore