Asia Risk 15: Wang Lili, ICBC
Measures to reform the shareholding structure of major state-owned banks as well as reorganise other participants in China’s banking sector since 2003 have resulted in a significant improvement in corporate governance and risk control.
This has been achieved by placing more emphasis on risk management. Besides shifting their development priority from scale and turnover to quality, commercial banks in China now have a deeper understanding of value, capital restraint and risk management, and they
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