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Monday, August 19, 2013
Financial Market Development Should not Involve Administrative Coercion
ANBOUND

A province in central China intends to integrate 13 non-state-owned urban commercial banks into one central bank via administrative order. However, all 13 banks strongly opposed the plan. Anbound believes that local government's priority in developing financial market is to create a proper development environment and atmosphere rather than ignores the ownership and imposes administrative measures that will cause damage to the local financial ecology.

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