Liu Mingkang
Liu Mingkang
Liu Mingkanggraduated from the University of London in 1987. In 1988 he received an MBA from the Cass Business School. He served as chairman of the China Banking Regulatory Commission from its creation in 2003 until he reached the retirement age of 65. During his tenure he was responsible for putting in place an effective regulatory structure which helped the Chinese banking system to weather the global financial crisis and to emerge relatively healthy and well capitalized...
achieved china crimes financial improvement improving including issue last legal oversight prevent strengthen systems
China will strengthen its clampdown on financial crimes including beefing up supervising and oversight systems and improving its legal system to prevent such violations. China has achieved big improvement on the issue last year.
banking domestic entry good last special trade transition work year
The year 2006...is also the last transition year after China's World Trade Organization entry for the domestic banking sector. Doing good work this year in banking supervision has special and important meaning.
china delivered outside public
the story I delivered to the public in China and outside of China is a story of 'never again.'
actively agreement banking chinese forward global grace opening period provided pushing strategic vision
With the grace period provided by China's WTO agreement approaching the end, the CBRC has - with the fostering of a strategic global vision - been actively pushing forward the opening up of the Chinese banking sector.
banking progress
We have already made big progress in banking reforms.
banks goal key market maximize value
When big banks go public, it should be a key goal for them to maximize their market value,
changes door future lift open proposal
We are working on a proposal how we can lift the cap. We will have future changes and the door will be open much wider.
against bank corporate good governance guard risks signal whether
An important signal of whether a bank has good corporate governance is whether or not (the bank) can effectively guard against related-party transaction risks with their shareholders.
balance credit market risks thoroughly understand
In their management, (the banks) should thoroughly understand how to balance credit risks, market risks and yields.
arduous experience improvement improving internal mechanism shows vital
International experience shows that improvement in banks' internal mechanism is vital for improving their vitality, but it's still an arduous and long task.