| Journal Call no. | HF41.T733 |
|---|---|
| Article Title | China's banking reform and implications for foreign business. |
| Is Part Of | Trade watch ; Jun 1994, p.1-9. |
| Abstract | The reform, upon successful implementation, is envisaged to help China establish a market-oriented financial system, replacing the rigid credit quota system with a profit driven mechanism. A more rational banking environment is seen to be conducive to the healthy development of the economy. Hong Kong now serves as a major financial centre for China. It is believed that as specialized banks become commercialized, more mainland banks will extend their business to Hong Kong. |