Asia Risk 15: Wang Lili, ICBC
Chinese banks have radically reformed their risk management practices since 2003. Wang Lili, executive director of the world’s largest bank, ICBC, describes the remarkable journey and highlights some of the challenges and risks ahead
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
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