Work needed on China financial reforms, says Liu Mingkang

Asia Risk 25: ex-head of China’s banking watchdog urges “rigorous” changes as country opens up to foreign investors

Liu Mingkang montage
Liu Mingkang led the CBRC between 2003 and 2011
Photo: Nicola Pitaro

This is the first in a series of articles marking Asia Risk’s 25th anniversary

When Liu Mingkang became China’s top banking regulator in 2003, there were two action points at the top of his to-do list. One, tackle the country’s mushrooming non-performing loan pile. Two, root out the corruption endemic in China’s banking system at the time.

That year, China Construction Bank’s former president Wang Xuebing was sentenced to 12 years in jail for bribery. His replacement, Zhang Enzhao, followed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: