Foreign banks in China are upbeat about the country's ongoing financial reforms, and they are looking forward to expanding their market share in 2014, according to an Ernst & Young survey published on Monday.

The survey, which polled 38 locally incorporated foreign banks, found they are confident their management skills will give them an edge after reforms create a more level playing field among domestic and foreign institutions.

Foreign banks' market share in China has hovered near 2 percent over the past decade, as regulations made it difficult for them to mount a significant challenge to domestic banks, especially in the retail financing sector.