With the further slowdown in global economy and the continued low prices in petroleum and other large commodity coupled with the impacts from the negative interest rate policy, there is a sharp drop in the performance of the global banking industry across the world, from Asia to Europe and the United States.

ANBOUND's scholars are of the view that it is inevitable that there will be more layoffs and department cuts to lower the operating costs and there will be massive restructuring and adjustment to structure and regional distribution of the current businesses and products.

The poor business performance will further suppress the willingness and the ability of the banks to issue bonds and to lend money, rendering the already weak economy weaker.

This will no doubt adding more unpredictable factors and worsen China’s external economic environment.