Banks make up the bulk of the Chinese financial system. The problem is that there are too few insurance companies and mutual funds to offer the variety of products, services and risk profiles the economy needs to flourish.
More Quotes from Dominic Barton:
If the allocation of resources is not done properly, the market cannot function efficiently and it will ultimately hurt growth.Dominic Barton
The economic leg is much longer than the social leg in China. That's why the big new motto of the government is 'harmonious society'.
Dominic Barton
If you're one of the top ten banks, you have to be in the game, if only to understand it.
Dominic Barton
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All the most prominent Darwinists proclaim naturalistic philosophy when they think it safe to do so.
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This is another major feature of thought: Thought doesn't know it is doing something and then it struggles against it is doing. It doesn't want to know that it is doing it.
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