There is too many risks in this decision of allowing China to operate bank in PNG.
1》In the long run the Chinese bank will try all possible means to buy off local banks after it has rooted itself and try to finance and facilitate all Chinese businesses in PNG to be competitive with local businesses of which some are already in existence or doing and this will only add fuel to the fire.
2》There is possibility of China bank taking over PNG banking industry because the government has already created unfavorable environment for the operating local banks and if the China bank gives a good competition, there is possibility of these banks dying out like Wespac and ANZ in PNG. And where do we go if that happens?