作者：齐绍洲

Abstract:There exists relative strong asymmetric information in transition economies. Abstract:Different entry mode of foreign bank can produce different competitive effect on the condition of asymmetric information. The experiences in the Eastern and Central European countries show that foreign bank entered mainly by M&A in order to obtain more information advantages. China ’s bank should adopt four strategies to compete with foreign bank: that is, Decrease cost and increase technology, improve borrower’s structure and information, diversify asset portfolio and try to develop international business, flight to quality in stead of flight to captivity.