In 2004 it brought in a no-nonsense former banker, Stephen Harner, as an independent director.

FORBES: Magazine Article

Hats off to Stephen Harner as the most considered commentator of Japan and China I have read during this time of the world.

FORBES: Does Japan's LDP Have a Winner in Former PM Abe? I am Betting on Noda.

Besides financial risk, says Stephen Harner, an industry consultant in Shanghai, they fear for their reputation if their Chinese partner is caught playing foul in the markets (as so many Chinese securities firms do).

ECONOMIST: Banking in China