State Ownership, Policy Missions and Commercial Operation–A Case Study of the Agricultural Bank of China

Yuk Shing CHENG*, Kam pui Tsang, Man kit Chung

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

China has maintained government control over major banks through its holding of controlling shares, leading to concerns about their possible policy burdens. In the case of the Agricultural Bank of China (ABC), the explicit policy mission of serving the rural economy and farmers has been assigned along its public listing in stock markets. Although it has adopted strategies to redefine the scope of rural business and implemented organizational and regulatory reforms to reduce the costs of implementing the policy missions, the contradiction between policy and commercial objectives has not been reconciled.

Original languageEnglish
Pages (from-to)142-154
Number of pages13
JournalChinese Economy
Volume52
Issue number2
DOIs
Publication statusPublished - 4 Mar 2019

Scopus Subject Areas

  • Economics, Econometrics and Finance(all)

User-Defined Keywords

  • banking reform
  • banking system
  • China
  • state ownership

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