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2017 | OriginalPaper | Chapter

4. Chinese Banks: Between Control and Profitability

Authors : Dominique De Rambures, Felipe Escobar Duenas

Published in: China’s Financial System

Publisher: Springer International Publishing

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Abstract

The banking and financial sector has been the last one to be dealt with in the agenda of reform policy and opening up. The financial system plays a critical role in the management of the economy, but the challenge is less economic than political. Banking reform raises a lot of political arguments among Party members, between reformists and conservatives, pro-marketers and pro-statists, between those supporting a further opening and those reluctant to lower the barriers. No doubt it was much easier to cope with the people’s communes and State owned companies rather than the financial markets which had to be designed and implemented from scratch.

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Title: Chinese Banks: Between Control and Profitability
Authors: Dominique De Rambures
Felipe Escobar Duenas
Publisher: Springer International Publishing
Book: China’s Financial System
Print ISBN: 978-3-319-40450-9

Electronic ISBN: 978-3-319-40451-6

Copyright Year: 2017
DOI: https://doi.org/10.1007/978-3-319-40451-6_4