The Chinese government is promising far-reaching economic reforms, but these are likely to put the financial sector under strain. Former chairman of the China Bank Regulatory Commission Liu Mingkang tells Philip Alexander how the authorities can manage the transition.
The Chinese banking sector may have emerged relatively unscathed from the financial crisis, but regulatory reform is still high on its agenda, meaning that the China Banking Regulatory Commission has been keen to stay one step ahead of the game by introducing a new set of regulatory standards in the first half of 2011, which placed a strict emphasis on liquidity.