How is reforms of share-holding system in state owned commercial banks going on?
Purpose: radically restructure state-owned commercial bank systm, increase capital asset and improve corporate governance Form: Attract strategic investors both domestically and internationally and diversify ownership structure, but maintain dominance of state share. Steps: Financial restructuring–coperate governance reform–go public in stock market By 2004, Bank of China and the Construction Bank established their joint-stock companies. Currently, systematic reform is underway and the next step is to go public on international stock market. Comprehensive reform has been initialized at the Industrial and Commercial Bank, and the Agriculture Bank, with the aims of enhancing capital quality and operational performance, and establishing modern financial corporate system.
