| Publication |
2012.
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| Summary/Abstract |
The large state banks of China-the Bank of China, China Construction Bank, and Industrial and Commercial Bank of China-dominate China's financial sector. Reform of these banks has been a major policy effort of China's government because their financial weaknesses exert a drag on the economy. This reform has led to significant improvements in the large state banks. Nevertheless, they face three recurring problems: limited access to expert knowledge about international finance, non-performing loans, and corruption. These problems are rooted in the network governance of the banks. The Chinese government needs to continue transforming this governance to make the large state banks globally competitive.
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