Copying and distributing are prohibited without the permission of the publisher. If you wish to distribute this content please contact Christopher Hunt (email@example.com) for a quote.
Subscribe today: Order Euromoney by contacting us on +44 (0)20 7779 8999 (UK) or +1 212 224 3570.
As China transitions to a market-based consumption-led economy, financial reform seems inevitable and yet China’s big four government-backed lenders continue to dominate the landscape. More competition is needed to boost innovation in the formal banking system and lending to small and medium-sized enterprises.