Roundtable discussion on China’s banking sector and financial markets
China’s banking sector is now the biggest in the world – symbolising the country’s constant growth over the last few decades. However, returns on capital are declining, and non-performing loans have reached a total of 1.3 trillion RMB, reflecting China’s lending binges to overcome the global financial crisis in 2008. It is obvious that China is in need of a more sophisticated system and some say that China is on the brink of a financial crisis.
Dr. Xiaonian Xu is Professor of Economics and Finance at China Europe International Business School (CEIBS). He will discuss with Asia House corporate members about the latest developments and what to expect from the Chinese leadership to stabilise its banking sector.
Attendance at this roundtable discussion is by invitation only.
For further information, please contact: Jeremy Wimble, Business & Policy Team at firstname.lastname@example.org or call 0207 307 5454.
Dr. Xiaonian Xu is Professor of Economics and Finance at CEIBS. He worked for China International Capital Corporation Limited (CICC) as Managing Director and Head of Research. Prior to CICC, he was Senior Economist with Merrill Lynch Asia Pacific based in Hong Kong. He worked as a consultant of the World Bank in Washington DC. Dr. Xu was appointed Assistant Professor of Amherst College, Massachusetts, from 1991 to 1995, teaching Economics and Financial Markets. He was employed by the State Development Research Center of China as a research fellow from 1981 to 1985.
Dr. Xu obtained a Ph.D. in Economics, University of California, Davis, in 1991, and am MA in Industrial Economics in 1981 from the People’s University of China (also known as the Renmin University of China) in Beijing. He received the Sun Yefang Economics Prize in 1996, the highest Chinese award in the field, for his research on China’s capital markets.
Read the article Is China’s collapse finally at hand?, exclusively written for Asia House by Danny Quah, Director of the Saw Swee Hock Southeast Asia Centre at the London School of Economics and Political Science.