BIS central bankers’ speeches  7  8  BIS central bankers’ speeches  BIS central bankers’ speeches  9  10  BIS central bankers’ speeches  BIS central bankers’ speeches  11  12  BIS central bankers’ speeches  BIS central bankers’ speeches  13  14  BIS central bankers’ speeches  BIS central bankers’ speeches  15  16  BIS central bankers’ speeches  BIS central bankers’ speeches  17  18  BIS central bankers’ speeches  BIS central bankers’ speeches  19  20  BIS central bankers’ speeches
Looking back, domestic commercial banks have learnt a lot from competition, resulting in a series of changes in the financial industry, including product evolution, market building, business models, management experience, and etc. Later, competitive joint stock reform and listing have elevated the operation efficiency, asset quality and governance of Chinese banks.