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Q: Who runs the banks in China?
There has been a lot written in 'the west' about irresponsible bankers and outrageous lending (mainly by politicians it must be said) leading to the economic woes currently being felt. I have even heard some Brits saying we should 'nationalise' all banks, (a position I totally disagree with), as they 'caused' the recessions.
Now, I have read on Xinhua that the Chinese are looking to relax the 'monopoly' the Chinese banks currently enjoy. Is this dangerous, (for China) and who actually owns the Chinese banks? Or do they 'own' the government, or indeed are they one and the same?
Oh and please, fight nicely!
11 years 34 weeks ago in Money & Banking - Other cities
the big four banks are all stated owned. While the big four are listed on various stock exchanges the government holds the majority stake in all of them.
The General Manager is the Bank of China but the Bank of China is owned by the government........so you do the math here......every bank in china is supervised by the Bank of China cause this bank is the official bank of china..........sounds like am running a loop here
brisguy:
The Bank of China (branch) is run separately to the People's Bank of China which controls all the banks in China including private and state owned banks.
