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010   $a1-4527-3501-8
010   $a1-283-51388-9
010   $a9786613826336
010   $a1-4519-0867-9
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035   $a(EBL)3014540
035   $a(SSID)ssj0000943025
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035   $a(PQKBTitleCode)TC0000943025
035   $a(PQKBWorkID)10975058
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035   $a(OCoLC)694141245
035   $a(IMF)WPIEE2006071
035   $a(MiAaPQ)EBC3014540
035   $a(EXLCZ)993360000000443624
100   $a20060330d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aProgress in China's banking sector reform $ehas bank behavior changed? /$fprepared by Richard Podpiera
205   $a1st ed.
210   $a[Washington, D.C.] $cInternational Monetary Fund, Monetary and Financial Systems Dept.$d2006
215   $a1 online resource (25 p.)
225 1 $aIMF working paper ;$vWP/06/71
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 paper ;$vWP/06/71.
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
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
700   $aPodpiera$b Richard$01603515
712 02$aInternational Monetary Fund.$bMonetary and Financial Systems Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910826314103321
996   $aProgress in China?s Banking Sector Reform$94025935
997   $aUNINA