Chinese Banking

Paper Summary:

The paper reviews the stops and starts of China's slow procession towards privatization in its banking sector. Mainly, the paper points out the challenges China's banks still face as they stumble towards westernizing their management practices, liberalizing their attitudes and approaches and making themselves a more viable competitor to American and European banks.

From the Paper:

"This paper shall briefly review the challenges facing China's banking sector as it attempts to privatize and modernize. The paper will examine the sector's historic control at the hands of the government; the paper will also review the ignominious history of poor managerial decision-making which has hurt the sector. Proceeding onward, the paper will look at the mixed record of the People's Bank of China as it has contributed (or not contributed) towards modernization, and the paper will finish with a review of how the Chinese banking sector, as it modernizes, needs to distance itself from State-owned enterprises for its own good."

More papers on Chinese Banking :

• Research Paper # 42711 : "The Chinese Banking System"
• Essay # 84427 : "Chinese Banking after 1978"
• Case Study # 104959 : "Antitrust Policy and Chinese Banks"

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