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Using data from a recent survey of bank and enterprise managers and government officials in southern China, we present …
Persistent link: https://www.econbiz.de/10005784788
Chinese banks suffer from serious financial fragility manifested by high proportions of non-performing loans and low capital-adequacy ratios. A key policy introduced recently by the Chinese government to reduce financial risks is the establishment of four asset management companies (AMCs) for...
Persistent link: https://www.econbiz.de/10005677622
In 1994 China began a profound reform of its state-owned enterprises. We first describe and characterize this progress …
Persistent link: https://www.econbiz.de/10005677723
information in response to market signals. In China, however, banks centralized lending authority following financial reforms in …
Persistent link: https://www.econbiz.de/10005489888