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Chinese banks must not expand too fast, says LSE Director

Chinese banks must be cautious about their international expansion and avoid over-extending said LSE Director Howard Davies during a visit to China. He said that China's banking reform continues to move in the right direction but must avoid mistakes made by Japanese banks during the 1970s and 1980s.

Howard Davies was in China in his role as an adviser of the International Advisory Council of the China Banking Regulatory Commission (CBRC). The council, under its chairman Liu Mingkang, held its regular meeting and called on the Chinese Vice Premier Wang Qishan.

In his role as LSE Director, he met the vice minister for foreign affairs Zhang Yesui, an alumnus of LSE. The School's IDEAS centre, will host visiting scholars from the Chinese Ministry of Foreign Affairs from the start of the 2008/9 academic year, under a scheme funded by the British Embassy, Beijing.

The Director also gave a lecture entitled 'Is Global Capitalism Out of Control?' to more than 75 LSE alumni in Shanghai. The lecture also examined the implications for China from the recent international credit crisis.

Two further lectures were given to senior Chinese officials, one to participants on an LSE training programme, run in collaboration with Peking University, Sciences Po, Paris, and Columbia University, USA, and a second lecture to the leadership and staff of the CBRC in Beijing, which was telecast to all CBRC offices around China. In addition, he spoke to over 50 representatives from European companies in the European Union Chamber of Commerce in China.

The Director also visited Fudan University, Shanghai where he met its Chancellor, Professor Qin Shaode and Peking University for discussions with its President, Professor Xu Zhihong, about links with LSE which include PhD exchange programmes, the LSE-PKU Summer School, the LSE-PKU Double Masters Degree in International Affairs, the joint training programme for government officials, and current collaborative research projects, including the LSE BIOS lead BIONET project, and the upcoming Global Public Policy Network (GPPN) workshops and conference.

President Xu Zhihong is expected to visit  LSE this month and will be received by LSE Pro-Director, Prof. Sarah Worthington.

Ends

For further information on this programme or LSE China projects, email Dr Brendan Smith at b.p.smith1@lse.ac.uk or see http://www.lse.ac.uk/collections/LSEChina/
For further information on LSE partnerships contact Mark Maloney M.Maloney@lse.ac.uk|

For further details on selected LSE Projects with China, visit:

For more information contact the LSE press office on 020 7955 7440 )

24 June 2008

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