2012-12-05 01:38:57 - Banking Industry in China â PEST Framework Analysis - a new market research report on companiesandmarkets.com
China´s banking system has undergone a lot of changes in the last two decades: banks are now functioning more like banks than before. Nevertheless, China´s banking industry has remained in the government´s hands even though banks have gained more autonomy. China´s accession to the WTO, however, has lead to a significant opening of this industry to foreign participation.
The People´s Bank of China (PBOC) is China´s central bank, which formulates and implements monetary policy. The PBOC maintains the banking sector´s payment, clearing and settlement systems, and manages official foreign exchange and gold reserves.
Aruvian´s R´search analyzes Banking Industry in China in a PEST Framework Analysis. A PEST analysis is concerned with the environmental influences on a business. The acronym stands for the
Political, Economic, Social and Technological issues that could affect the strategic development of a business. Identifying PEST influences is a useful way of summarizing the external environment in which a business operates.
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