García-Herrero, Alicia; Gavilá, Sergio; … - Banco de España - 2005
, has started a reform process based on three main pillars: (i) bank restructuring, through the cleaning-up of non … desired structure of the Chinese banking system. Bank recapitalization should be completed immediately, not only to ensure … bank soundness, but also to increase profitability, which could be affected negatively as competition increases with full …