Banking in The People's Republic of China

Banking In The People's Republic Of China

China's banking system has undergone significant changes in the last two decades: banks are now functioning more like 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 The People's Republic Of China:  Supervisory Bodies, Reforms in The Banking Industry, Credit and Debit Cards, Foreign Banks, Electronic Banking

Famous quotes containing the words banking, people, republic 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)

    ...I knew I wanted to be permanently self-supporting and I vaguely thought I might work somewhere in the realm of ideas. I felt that I had within me an undeveloped fount of ideas. I did not know exactly what my ideas were, but whatever they were I wanted to convert people to them.
    Rheta Childe Dorr (1866–1948)

    It is the manners and spirit of a people which preserves a republic in vigour. A degeneracy in these is a canker which soon eats to the heart of its laws and constitution.
    Thomas Jefferson (1743–1826)

    It all ended with the circuslike whump of a monstrous box on the ear with which I knocked down the traitress who rolled up in a ball where she had collapsed, her eyes glistening at me through her spread fingers—all in all quite flattered, I think. Automatically, I searched for something to throw at her, saw the china sugar bowl I had given her for Easter, took the thing under my arm and went out, slamming the door.
    Vladimir Nabokov (1899–1977)