Credit culture and disclosure are being improved, and prudential standards are being strengthened, for instance in risk concentration, connected lending and liquidity management.
CNN: REFORM IS CRUCIAL
Beginning at the end of 2008, he forced the banks to drop their prudential standards and go on extraordinary lending sprees to stimulate growth.
FORBES: Why China Wants to Break Up Its State Bank Monopoly
Another area where reform is still moving too slowly is in improving prudential and supervisory standards in banking.
ECONOMIST: Transparent hype | The
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