7  Basel II – towards a new common language; by Ryozo Himino, BIS Quarterly Review September 2004  8  Basel II Banking Revolution for Asian Banks, by Li-May Chew  BIS Review 4/2007  7  This impact can be deduced from the emerging, peculiar clientele structures for the banks adopting SA and those going for the IRB.
Different from developed countries, China is still in the process of rapid industrialization and urbanization, its economy will maintain medium to high-speed growth for quite a long period, and its per capita demand for energy will keep rising. Therefore, we are facing great pressure in carbon emission reduction.