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Published: 05 January 2017

304 Pages


ISBN: 9780190497033

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China's Banking Transformation

The Untold Story

James Stent

  • This is the first book on Chinese banking that is written by someone who has served for a number of years within not just one, but two Chinese banks.
  • This is the only book on Chinese banking that challenges the consensus foreign view of Chinese banking as fragile and dysfunctional.
  • This is the only book that places contemporary Chinese banking within a context of traditional Chinese culture and within a broader market socialist economy dominated by the Communist Party. It is also the only book that compares Chinese banking today with both Chinese banking pre-1949, and also with the banking systems at similar stages of development in other Northeast Asian nations.
  • Stent makes two arguments that are not made by others: Chinese banks have transformed over the past 15 years into modern entities with high levels of professional competence, and Chinese banks are deeply embedded in a traditional Chinese cultural cognitive framework.

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