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Professor Roy Smith comments on China's increasing access to its banking industry

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Excerpt from Bloomberg -- "'The Chinese financial services markets will not be easy to penetrate,' said Roy Smith, professor of finance at New York University’s Stern School of Business. 'Chinese connections, relationships, etc. will be hard to replace, plus there may be a resistance to using foreign banks except where they are expected to have a role, and even then growing capabilities of Chinese banks will enable them to increase market share.'"

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