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Nov 30, 2005

Banking on change

It's an uphill battle for IROs in China's banking sector.

Speaking on his mobile phone, a Beijing-based bank’s IR officer says he’ll talk about challenges facing his colleagues in China’s banks – on condition of anonymity. ‘There are handicaps such as rules of communication and disclosure,’ he begins. ‘But I think the ideological handicap may be the largest.’ Ideological handicap? Patiently, the IRO explains: ‘Chinese banks, especially the state-owned banks, are developed from a central-plan economy.

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