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Universal banking in China: lessons from the UK

UNITED KINGDOM Thu 12 Mar 2015


China’s banks are, by some measures, the largest in the world. They are also increasingly becoming 'universal' – covering not just traditional retail and corporate banking, but expanding into asset management, wealth management and other areas. The PBOC wants to learn lessons from the UK experience – what is the best way to deliver good financial services to the economy and consumers, at an effective cost to the bank, while preserving financial stability?