The Chinese banking system, characterized by massive government intervention, poor asset quality and low capitalization, has started a reform process based on the three main pillars: (i) bank restructuring, through the cleaning-up of non-performing loans (NPLs) and public capital injections,...

It is hardly surprising that one of the biggest and more dynamic economies of the world has a financial system with the same characteristics. The authors review its evolution focusing on its qualitative aspect and, specifically, in the reforms carried out to modernize the system. Recent reforms...