Banking in China is inefficient and ill-equipped to handle the country’s emerging complex market system, says a new report commissioned by the Asia Pacific Foundation of Canada.The question is whether the banking system can fundamentally change in ways that effectively serve the industrial and social needs of China, to foster balanced growth and economic stability.“Bank […]
China Government Depository Trust & Clearing Co., Ltd, ASIFMA and SIFMA sign agreement
Chinese banks have made impressive strides and have significantly improved the sector’s risk profile, says Fitch Ratings in a new report. However, the agency also cautioned that despite this improvement, Chinese banks continue to face serious challenges and banking industry risk remains one of the largest vulnerabilities facing the economy.“Key weaknesses include widespread corruption and […]
Chinese urban households’ mean after-tax disposal income rose by 13% in 2005 from previous year
In a new report, Fitch Ratings says that China’s asset management industry looks set for a surge in growth due to sustained GDP growth rates, pension funds development and a strong demand from institutional and retail investors. However, competition amongst players is intensifying and the performance of the Chinese equity markets remains poor.Thanks to an […]