The major changes that occurred after the ceiling on bank loans was removed were followed by further large shifts in the two years 1989-90 and from 1995 onwards. In the last three years the market shares that changed hands each year were equal to around 4 per cent of the total loan portfolio on average, excluding the amounts directly affected by mergers.
Page 3 of 15  That is no longer true: the rich in China are now rich from a global perspective, thanks in part to several decades of strong economic growth.