FinanceAsia Country Achievement Awards - China

FinanceAsia has announced the coveted Country Awards for this year. The winners are the best commercial and investment banks in each country in Asia. Here we present the winners from China.

Best Domestic Commercial Bank China Merchants Bank

Sorting the wheat from the chaff in ChinaÆs domestic banking sector requires a sharp eye û thereÆs not much wheat around. But the number of financial institutions has steadily risen as the authorities try to modernize the banks with one hand while propping them up with the other.

The problematic state of the traditional banks made it hard to pick a æwinnerÆ from their ranks û or at least a winner that would be around for a reasonable period after winning the award. This unfortunately ruled out many of the smaller banks, prime candidates for takeovers, such as Minsheng, ChinaÆs...

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