China’s Banking Sector Reviewed by China's Economy & Policy-Gateway International Group16 Mar 2012 • by Natalie Aster
In recent years, there have been two entirely different views about the development of the banking sector in China. One view is that successful banking reforms have basically been implemented since the beginning of the century, and that the development indicators for China’s commercial banks are also ranked among the top on an international basis. The other view is that the success of the banking sector is due to the excessive protection it receives from the government, that there are hidden problems which will affect sustainability, and that the excessive growth in the profitability of banks has affected the real industry sector. In this article, macro-policies and specific measures for furthering the reform of the banking sector are proposed.
Recently, the issue of “profiteering” in the banking industry has once again become a topic of discussion. Against the background of a severe domestic and international economic situation, and given the difficult development prospects for many enterprises, the particularly thriving business performance of many commercial banks is being widely questioned.
According to the report “Countermeasures to Further Promote the Reform of China’s Banking Sector” by China's Economy & Policy-Gateway International Group, the profitability, size and prospects for businesses in the banking sector already rank them among the top of all domestic industries. This also means that the market-oriented reform of the commercial banks since the beginning of the 21st century has been successful in terms of realizing profit maximization, but it has also brought about new, unexpected problems.
Countermeasures to Further Promote the Reform of China’s Banking Sector
Published: February, 2012
Price: US$ 200,00
The latest statistics from the China Banking Regulatory Commission (hereinafter referred to as CBRC) show that the net profit of commercial banks was 1.0412 trillion Yuan in 2011 compared to 763.7 billion Yuan in 2010, an annual growth rate of 36.34%; total assets reached 113.3 trillion Yuan, about 220% of GDP in 2011, while the overall assets of the U.S.
More information can be found in the report “Countermeasures to Further Promote the Reform of China’s Banking Sector” by China's Economy & Policy-Gateway International Group.
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