China's Banking System: Issues for Congress
Author | : Michael Martin |
Publisher | : CreateSpace |
Total Pages | : 52 |
Release | : 2012-12-26 |
ISBN-13 | : 148184640X |
ISBN-10 | : 9781481846400 |
Rating | : 4/5 (00 Downloads) |
Download or read book China's Banking System: Issues for Congress written by Michael Martin and published by CreateSpace. This book was released on 2012-12-26 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's banking system has been gradually transformed from a centralized, government-owned and government-controlled provider of loans into an increasingly competitive market in which different types of banks, including several U.S. banks, strive to provide a variety of financial services. Only three banks in China remain fully government-owned; most banks have been transformed into mixed ownership entities in which the central or local government may or may not be a major equity holder in the bank.