Although some improvements have been made in restructuring the units, the fundamental problems of inadequate risk controls, poor corporate governance and a shortage of qualified staff have yet to be solved. |
Apart from overseas investors, we will also invite qualified domestic strategic investors as partners. |
But we are extremely prudent over the reforms, because compared with other state banks, Agricultural Bank has a heavier burden in terms of asset quality, the number of employees is big and services cover the countryside. |
The purpose of engaging strategic investors in the shareholding reform is not to collect funds to raise the capital adequacy ratio of the state-owned commercial banks, but to learn from the expertise of our foreign counterparts in service, management and internal control to improve the competitiveness of China's banking sector. |
The purpose of engaging strategic investors in the shareholding reform is not to collect funds to raise the capital adequacy ratio of the state-owned commercial banks, but to learn the expertise of our foreign counterparts in service, management and internal control to improve the competitiveness of China's banking sector. |
We will definitely reform the Agricultural Bank of China. |