Saturday, June 23, 2007

A way to clean up the banking sector

Victor Shih detects a path Chinese authorities are following to clean up the banking sector:
I am beginning to detect a pattern where middle level and senior regulators and officials get to rotate to a commercial bank, where they enjoy a few years of high salary. Then, they can either choose to stay or return to poverty. If this can reduce corruption, I think that would be a pretty good system.

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1 Comments:

Anonymous Xing Yan said...

I'm not too sure of your viewpoint. So called 高薪养廉(ɡāo xīn yǎnɡ lián), is it true?

12:29 PM  

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