China's Banking Reform and Profitability

Erh-Cheng Hwa () and Yang Lei ()
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Erh-Cheng Hwa: China Construction Bank, 1-1, Naoshikou Street, Xicheng District, Beijing, China, 100032, China
Yang Lei: China Center for Economic Research, Peking University, 165, Long Run Park, Peking University, Beijing, China, 100871, China

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2010, vol. 13, issue 02, 215-236

Abstract: Just as the worse global financial crisis since the Second World War threatens the survival of many global financial giants, the strong financial performance of the Chinese banks stands out. The record profits of Chinese banks are commendable considering that they were considered insolvent not too long ago. The paper reviews the reform strategy of Chinese state commercial banks and its implementation, as well as their strong financial performance in 2007 based upon the four largest listed state commercial banks. Even though a strong economy may have boosted performance, banking reform should have played a significant role in turning around Chinese banks.

Keywords: China; banking reform; bank balance sheets; foreign strategic partners; public listing (search for similar items in EconPapers)
JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1142/S0219091510001925

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