Wednesday, November 05, 2014
ANBOUND: Chinese Banking Industry Is Far From Chinese Economic Globalization
ANBOUND
Chinese economy is globalizing and its foreign investment is increasing. But the"go global" of Chinese banking industry is far from ideal. ANBOUND think tank scholars point out this isn't simply due to technology reason; it’s largely because of wrong operation principle and low innovation ability. The fundamental reason is the low degree of marketization. China should actually promote financial innovation in domestic banking industry and provide strong financial support to “go global” of Chinese enterprises.