We should end the monopoly of the five state-owned commercial banks. The key to financial reform lies in splitting up these big banks and allowing for the development of small-and medium-sized banks and increasing the involvement of private capital.
NPC deputy and president of China Huarong Asset Management Corporation
Rhythm Media Group is a multi-media company, operating a US-based Chinese daily newspaper, The China Press, and the paper’s website - uschinapress.com (which has mobile-app version), as well as a Beijing-based English website Sino-US.com. The group boasts 15 branch offices across the US, and a number of cultural centers focusing on culture-related business in the North America, Chinese mainland, Hong Kong and Taiwan.Launched in September 2012, the Sino-US.com is designed to serve as a bridge between China and the US, and to keep its readership inside or outside China better informed by providing news and insights on China’s current affairs, culture, life, business, people and sports.