As the Chinese banking sector continues its drive to meet the demands of the WTO era, the nationwide joint stock company banking sector faces handicaps and a distinctly uneven playing field in comparison to the favoured state owned-sector, according to Keith Pogson, partner Global Financial Services, Ernst Young pictured.
The central government on the Mainland seems to be effectively operating a policy of one country two banking systems, within the framework of repeated public pronouncements of reform, says Pogson, suggesting that more parity will assist the speed of reform in the run up to fundraising on the capital markets.
Although Pogson concedes that the direct impact of WTO on the banking sector...
