From the South China Morning Post, via the China Study Group: “Recent reforms at two of the mainland’s Big Four state-owned commercial banks may be eroding the long-entrenched role of Communist Party committees at Chinese financial institutions.
Historically wielding huge influence over day-to-day operations and lending practices, the representation of party committees on boards and their power to appoint key managers have been reduced during recent reorganisations at the Bank of China (BOC) and China Construction Bank (CCB). ”
