Quotes by Liu Mingkang

“In their management, (the banks) should thoroughly understand how to balance credit risks, market risks and yields.”

“We have already made big progress in banking reforms.”

“We are working on a proposal how we can lift the cap. We will have future changes and the door will be open much wider.”

“the story I delivered to the public in China and outside of China is a story of never again.”

“When big banks go public, it should be a key goal for them to maximize their market value,”

“An important signal of whether a bank has good corporate governance is whether or not (the bank) can effectively guard against related-party transaction risks with their shareholders.”

“The year 2006...is also the last transition year after Chinas World Trade Organization entry for the domestic banking sector. Doing good work this year in banking supervision has special and important meaning.”

“With the grace period provided by Chinas WTO agreement approaching the end, the CBRC has - with the fostering of a strategic global vision - been actively pushing forward the opening up of the Chinese banking sector.”

“China will strengthen its clampdown on financial crimes including beefing up supervising and oversight systems and improving its legal system to prevent such violations. China has achieved big improvement on the issue last year.”

“International experience shows that improvement in banks internal mechanism is vital for improving their vitality, but its still an arduous and long task.”