International experience shows that improvement in banks' internal mechanism is vital for improving their vitality, but it's still an arduous and long task.
China will strengthen its clampdown on financial crimes including beefing up supervising and oversight systems and improving its legal system to prevent such violations. China has achieved big improvement on the issue last year.
When big banks go public, it should be a key goal for them to maximize their market value.
An important signal of whether a bank has good corporate governance is whether or not (the bank) can effectively guard against related-party transaction risks with their shareholders.
We have already made big progress in banking reforms.
The story I delivered to the public in China and outside of China is a story of 'never again.'
We are working on a proposal how we can lift the cap. We will have future changes and the door will be open much wider.
With the grace period provided by China's WTO agreement approaching the end, the CBRC has - with the fostering of a strategic global vision - been actively pushing forward the opening up of the Chinese banking sector.
The year 2006...is also the last transition year after China's World Trade Organization entry for the domestic banking sector. Doing good work this year in banking supervision has special and important meaning.
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