Tactics for Reforming State-owned Commercial Banks
July 02, 2002 | BY
clpstaff &clp articlesZhonglun Law FirmThe "hot" issue in reforming China's financial system is how to improve the corporate governance mechanisms of state-owned commercial…
Zhonglun Law Firm
The "hot" issue in reforming China's financial system is how to improve the corporate governance mechanisms of state-owned commercial banks by restructuring these banks into joint-stock banks and holding initial public offerings. In the agreements for China's accession to the WTO, China pledged that its finance industry would be entirely open to foreign invested banks within five years, so this issue must be resolved by 2006.
Improving Corporate Governance
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