Reforms and Regulations in Chinese Banks – Developments and Recommendations for Improved Supervision (Published)
It is a well-known fact that the P.R.C. has been undergoing tremendous economic growth and commercial development. This has impacts not only on the Chinese economy but also on the world economy. This development is not possible without the participation on the nation’s banks. Therefore, in this paper, I first introduce the banking system in China. Then, I explore the developments in reforms and regulations within the Banks in China. I do so through analyzing 3 key areas of reforms: legal reforms, reforms in corporate governance, and structural reforms. Then, I discuss current trends in banking and finally give my recommendations for increased enforcement and increased competitive of China’s banks.
Keywords: Chinese banks, Reforms, Regulations., developments, improved supervision