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Banking opening-up overdone

By Dai Yan (chinadaily.com.cn)
Updated: 2006-07-17 10:34

China's banking sector is expected to open up by the end of 2006 in line with World Trade Organization (WTO) agreements. James R.Barth, one of the key advisors to the People's Bank of China on banking reform, talked about the controversial banking reform issue in an interview with the China Economic Weekly on June 13.

James R.Barth is an eminent scholar in Finance at Auburn University, a Senior Fellow at the Milken Institute in the US, the associate director of the economics program at the US National Science Foundation and a visiting scholar at the World Bank. He served as the leader of an international team advising the People's Bank of China on banking reform from 2002 to 2004.

Barth praised the initial achievements in China's banking reform but believed it has also posed many problems and proposed moderate bank regulation.

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The full text is available in the July Issue ofChina Banking.