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Sunday, September 08, 2013
De-commercialization Reform of Chinese Policy Banks
ANBOUND

Xie Ping, executive vice president of CIC, recently revealed that the State Council has been preparing for further reform on the three policy banks. It is noteworthy that the direction of reform is toward the goal of "de-commercialization" instead of “commercialization”. Anbound's senior researcher, He Jun considers that with China’s deeply enmeshed in the globalization order, the Chinese government should strengthen the financial institutions as its financial tool. Though the commercialization drive of Chinese policy banks is completed, it is expected that the main businesses for these banks derived largely from the government.

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