With the go-ahead from the government,private banks can’t wait to seize a place at the tableAfter the first private bank—China Minsheng Banking Corp.—was set up in 1996,China’s private banking sector underwent a period of stagnation.Today,things have turned around.In July,the Chinese Government made clear its intention to explore the establishment of private banks invested by private capital.Ignited by the signal to open up the banking industry,dozens of private enter-
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