Banking In China
China's banking system has undergone significant changes in the last two decades: banks are now functioning more like western banks than before. Nevertheless, China's banking industry has remained in the government's hands even though banks have gained more autonomy. WTO has accepted China. The central bank of the People's Republic of China is the People's Bank of China.
The "big four" state-owned commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China and the Agricultural Bank of China.
Read more about Banking In China: Supervisory Bodies, Reforms in The Banking Industry, Credit and Debit Cards, Foreign Banks, Electronic Banking, See Also
Famous quotes containing the words banking and/or china:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“Ever since I was a little girl, I’ve, I’ve dreamed of havin’ my own things about me. My spinet over there and a table here. My own chairs to rest upon and a dresser over there in that corner, and my own china and pewter shinin’ about me.”
—Frank S. Nugent (1908–1965)