About Damian TobinDamian Tobin is a lecturer in Chinese business and management at the School of Finance and Management, SOAS University of London.
Financial development and stability in the People’s Republic of China: Evaluating the policy challenges
The People’s Republic of China (PRC) has come a long way in developing its financial system, and it has done so at a speed that has been breathtaking. The country’s “big four” banks are now the four largest banks in the world by assets, while another 14 PRC banks make it into the top 100 largest banks. The PRC last year surpassed the euro area to become the world’s largest banking system by assets, and PRC banks are now major sources of dollar-denominated lending, not least as part of the country’s One Belt One Road initiative.
Subscribe / Connect to Asia Pathways
- Agriculture and natural resources
- Capacity development
- Finance sector development
- Governance and public sector management
- Industry and trade
- Information and Communications Technology
- Private sector development
- Regional cooperation and integration
- Social development and protection
- Urban development
- Video Blog
- Networks and technologies to assist the vulnerable during the pandemic
- Improve handwashing access to combat COVID-19
- Recovering from shocks is what Asia knows best
- Characterizing financial cycles: Are emerging markets different?
- Economic integration and energy efficiency for energy security in ASEAN