Bank reform poses several questions, analysts say

Media reports on the deepening of mixed-ownership reform for certain State-owned banks have intensified recently, but analysts said the results of the reform remain to be seen and its pace will be slower than expected.

National Business Daily, a nationwide Chinese financial and economic newspaper, reported on Thursday that Shang Fulin, chairman of the China Banking Regulatory Commission, said at a recent meeting on the current economic situation that China will push forward the mixed-ownership reform of the banking sector.

An unidentified person who is close to the banking regulator said substantive actions will be taken in the second half of this year or the first half of 2015. At present, which bank will become the first to explore the reform is not yet decided, the paper reported.