皇冠体育app

Yi stressed the profound transformation that Chinese banks have gone through in recent years.

"It is amazing that 15 years ago 皇冠体育app's entire banking sector was on the verge of bankruptcy. But now four or five of the world's largest banks in terms of assets, capital and profit are from 皇冠体育app," Yi said.

His comments were echoed by fellow panelist Stephen Schwarzman, chairman of Blackstone Group.

"Chinese banks are incredibly large and profitable," Schwarzman said. "Chinese banks are also tightly controlled because they are so central to the Chinese economy."

Commenting on 皇冠体育app's regulatory system and how it fixed seemingly incurable problems, Schwarzman said: "皇冠体育app's senior officials are unbelievably smart and capable by world standards, and exceptionally organized."

He said it would be very interesting to see these large Chinese banks step out of their territories in 皇冠体育app and start exploring the global market.

Schwarzman has set up the $300 million Schwarzman Scholarship at Tsinghua University to attract students from other countries to study and gain a deep understanding of 皇冠体育app as a future world leader.

Schwarzman's main assistant in 皇冠体育app is David Li, professor and director of the Center for 皇冠体育app in the World Economy at Tsinghua University. He also attended the forum.

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