Abstract
In 2015, China started allowing qualified investors to set up privately funded commercial banks, which might be the largest change in China’s state-dominated banking sector in the recent decade. The privately-owned banks are said to break the monopoly of existing state-owned banks, as well as providing more loans to China’s money-starved entrepreneurs who are underserved by state-owned lenders. This article aims to introduce the latest development of privately-owned banks in China, and analyse some potential challenges faced by these newly established banks and the relevant regulatory issues.
Original language | English |
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Pages (from-to) | 585-599 |
Journal | Banking and Finance Law Review |
Volume | 31 |
Issue number | 3 |
Early online date | 1 Aug 2016 |
Publication status | E-pub ahead of print - 1 Aug 2016 |
Keywords
- Banking
- China
- Private Banks
- Deposit Insurance
- Banking Law
- Financial Regulation