ABC, NPL's and the government's taxation dilemma

Song Xianping, research director at the Agricultural Bank of China, talks frankly about NPLs and political pressures which are slowing reforms down.

There's been much talk of commercial banking reform in China. What steps has Agricultural Bank of China taken

Song Banking reform in China is experiencing the lull before the storm. An important aspect is the funding of the reform programme. But right now everything is in limbo ahead of the 16th Party Congress this autumn, which will determine the leadership changeover. In the wake of the February working commission on banking reform, no systematic programme has yet been laid out. But in any case, the real decision is made at the State Council level, which approves or vetoes the suggestions from the PBOC. At the moment, it's similar to before US elections. There's...

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