Goodhart, Charles; Zeng, Xiaosong - In: Journal of Chinese Economic and Business Studies 4 (2006) 3, pp. 185-198
Despite recent reforms to China's financial system, there remain numerous shortcomings. The asset quality of state-owned banks continues to be unsatisfactory, with taxpayers and depositors subsidising both SOBs and SOEs. Banks' loan margins and capital adequacy remain too low. The capital market...