Particularly, after the local banks became joint-stock banks, many famous financial institutions bought the significant shares of these banks and became the biggest shareholders. After the Chinese commercial banks became listed companies, the efficiencies of these banks have been vastly improved. Faced with entry of foreign financial institution, Chinese commercial banks must work to maintain original market share. Hence, the cost efficiencies of Chinese commercial banks have remained relatively poor. ![]() ![]() Before China opened its finance market, Chinese commercial banks had a monopolistic position. Introduction As the Chinese government gradually opens their finance market to the outside world, many foreign financial institutions have entered the Chinese markets.
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