Respuesta :
China is trying to move its banking system from being strictly state-owned by having them issue shares overseas.
Why is China trying to move its banking system?
- A country's central bank and other financial institutions are linked via the banking system.
- The management of investments, loans, deposits, and cash inflows and outflows are all tasks that fall under the purview of the banking system.
- Currently, the state, or the Chinese government, owns the country's financial system. China's top five state-owned commercial banks are the most well-known in the whole globe.
- Additionally, the Chinese government owns significant shares in several other banks. The government actively contributes to bank policy and decision-making.
- The Chinese government has begun to suggest liberalization to select national industries, including banking, in accordance with commitments made to the World Trade Organization.
To learn more about the financial system, refer to the following link:
https://brainly.com/question/27961174
#SPJ4
