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China Cautiously Opens to Privately Held Banks
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China Cautiously Opens to Privately Held Banks

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Asia Sentinel
Feb 06, 2014
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China Cautiously Opens to Privately Held Banks
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The China Banking Regulatory Commission’s recent announcement that it would allow the creation of three to five private banks in 2014 is a positive yet cautious step toward financial reform.

It is positive because the majority of loans under the almost entirely state-backed banking system continue to fund state-owned enterprises, leaving a clear and wide…

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