From AFX via Forbes.com:
Chinese government interference remains a problem for the nation’s banks, China Construction Bank (CCB) chairman Guo Shuqing said.
Guo told an academic forum in Beijing that the state’s targeting of the lending practices of its Big Four banks fails to take account of commercial imperatives. He also described the monopoly status of its state-run clients and government controls over its branch network as ‘big problems’.
‘We still have some government influence – not very directly, maybe not very big, but still to some extent,” he said, showing a slide presentation that specifically called on the state to refrain from intervening in bank affairs. [Full Text]
