China Banks Oppose Party Interference – Saibal Dasgupta

From the Times of India:

Chinese banks including the central bank have begun to express themselves against political inteference by the Communist in the normal acvities. A senior official of the People’s Bank of China has publicly called for reforms in the system of monitoring state-owned banks by agencies of the party and the government.

“The Communist Party should play its due role in improving corporate governance in banks,” Wu Xiaoling, PBOC deputy governor, told a large gathering of Chinese and foreign bankers at a recent jointly organised by the China Europe International Business School and Caijing magazine in Shanghai. [Full Text]

See also: Wu Xiaoling: Service-oriented banks rely on service-oriented government from

Categories :

Tags :,

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.