- China’s state-owned commercial banks face new performance benchmarks as the government encourages them to support the economic and development policies set by leadership of the ruling Communist Party. - Lenders will now be evaluated using four broad criteria: serving national development goals and the real economy, achieving high-quality development, controlling and preventing risks, and improving operational efficiency. - The appraisal of commercial banks is part of the ministry’s financial enterprise performance evaluation system to assess the development of financial institutions including lenders and insurance companies http://world-news-monitor.com/money/finance/2021/01/06/china-moves-performance-goal-posts-for-banks/
