China Mono-Banking System

6400 WordsSep 3, 201026 Pages
100065 1. Introduction 1. The evolution of banking risk management in china Previously, China adopted the mono-banking system where there was virtually no need for banking risk management. During then, every step involving the supply and utilization was predetermined by the Chinese government. People’s Bank of China (PBC), being the only bank simply received instructions from the government about the allocation of the funds.[1] However, things took a change when the four specialized banks namely the Industrial and Commercial Bank of China, the Agricultural Bank of China, Bank of China and the China Construction Bank were converted into state-owned commercial banks in the late 1970s. With the transformation, commercial loans were…show more content…
| | |2006-11-15 |8.5% to 9% |Up | | |2007-01-15 |9% to 9.5% |Up | | |2007-02-25 |9.5% to 10% |Up | | |2007-04-16 |10% to 10.5% |Up | | |2007-05-15 |10.5% to 11% |Up | | |2007-06-05 |11% to 11.5% |Up | | |2007-08-15 |11.5% to 12% |Up | | |2007-09-25 |12% to 12.5% |Up | | |2007-10-25 |12.5% to 13% |Up | | |2007-11-26 |13% to 13.5% |Up | | |2007-12-25 |13.5% to 14.5% |Up

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