1. People's Bank of China
Their currency was being devalued, their stock market was on a decline, and the bad debt accumulated by the banking system was huge. ... Current Situation Another step toward an efficient banking market occurred when Dai banned all banks from investing in stocks, which he stated were very risky because of all of the "hot" money out there. ... Benefits of the Overhaul There is no doubt in my mind that the entire country of China, and investors around the world, have and will continue to benefit from this overhaul due to the opening of such a big market as China. The reorganization of th...
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