LEADER 04453oam 22009614 450 001 9910788413603321 005 20230828232725.0 010 $a1-4623-3972-7 010 $a1-4527-3501-8 010 $a1-283-51388-9 010 $a9786613826336 010 $a1-4519-0867-9 035 $a(CKB)3360000000443624 035 $a(EBL)3014540 035 $a(SSID)ssj0000943025 035 $a(PQKBManifestationID)11592955 035 $a(PQKBTitleCode)TC0000943025 035 $a(PQKBWorkID)10975058 035 $a(PQKB)11205523 035 $a(OCoLC)694141245 035 $a(MiAaPQ)EBC3014540 035 $a(IMF)WPIEE2006071 035 $a(EXLCZ)993360000000443624 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aProgress in China?s Banking Sector Reform : $eHas Bank Behavior Changed? /$fRichard Podpiera 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (25 p.) 225 1 $aIMF Working Papers 300 $a"March 2006." 311 $a1-4518-6331-4 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. REFORMS IN TWO PILOT BANKS""; ""III. REFORMS IN OTHER BANKS AND DEPOSIT-TAKING INSTITUTIONS""; ""IV. CREDIT RISK AND BANK LENDING DECISIONS ""; ""V. CONCLUSIONS AND ISSUES GOING FORWARD: CREATING THE INCENTIVES AND INFRASTRUCTURE FOR BANKS TO OPERATE EFFICIENTLY""; ""- APPENDIX"" 330 3 $aSubstantial effort has been devoted to reforming China's banking system in recent years. The authorities recapitalized three large state-owned banks, introduced new governance structures, and brought in foreign strategic investors. However, it remains unclear the extent to which currently reported data reflect the true credit risk in loan portfolios and whether lending decisions have started to be taken on a commercial basis. We examine lending growth, credit pricing, and regional patterns in lending from 1997 through 2004 to look for evidence of changing behavior of the large state-owned commercial banks (SCBs). We find that the SCBs have slowed down credit expansion, but that the pricing of credit risk remains undifferentiated and banks do not appear to take enterprise profitability into account when making lending decisions. Controlling for several factors, we find that large SCBs have continued to lose market share to other financial institutions in provinces with more profitable enterprises. The full impact of the most recent reforms will become clear only in several years, however, and these issues should be revisited in future research. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/071 606 $aBanks and banking$xGovernment ownership$zChina 606 $aBanks and banking$xState supervision$zChina 606 $aBank loans$zChina 606 $aCredit$xManagement$zChina 606 $aCorporate governance$zChina 606 $aBanks and Banking$2imf 606 $aIndustries: Financial Services$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aBanking$2imf 606 $aFinance$2imf 606 $aCommercial banks$2imf 606 $aNonperforming loans$2imf 606 $aLoans$2imf 606 $aState-owned banks$2imf 606 $aBanks and banking$2imf 607 $aChina, People's Republic of$2imf 615 0$aBanks and banking$xGovernment ownership 615 0$aBanks and banking$xState supervision 615 0$aBank loans 615 0$aCredit$xManagement 615 0$aCorporate governance 615 7$aBanks and Banking 615 7$aIndustries: Financial Services 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aBanking 615 7$aFinance 615 7$aCommercial banks 615 7$aNonperforming loans 615 7$aLoans 615 7$aState-owned banks 615 7$aBanks and banking 700 $aPodpiera$b Richard$01546574 712 02$aInternational Monetary Fund.$bMonetary and Financial Systems Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788413603321 996 $aProgress in China?s Banking Sector Reform$93802272 997 $aUNINA