Will China's financial sector remain forever state-dominated?


May 10, 2023, 9:00 AM to 10:00 AM EDT
Virtual Event
Nicolas Véron (PIIE), Qiao Yide (Shanghai Development Research Foundation) and Victor Shih (University of California, San Diego)

Event Summary

China’s private sector has made significant inroads in recent decades in industries like technology, manufacturing, steel, and chemicals, but its financial sector remains dominated by local or national government-owned intermediaries. This session of Financial Statements examines the obstacles private-sector financial firms face in developing their activity in China.


Nicolas Véron
Senior Fellow, Peterson Institute for International Economics (PIIE)


Qiao Yide
Vice Chairman and Secretary General, Shanghai Development Research Foundation (SDRF)

Victor Shih
Ho Miu Lam Chair in China and Pacific Relations, University of California, San Diego



About This Series

Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.