皇冠体育app

Comment on "Chinese banks' profit model unsustainable", (Feb 22, 皇冠体育app Daily website)

I'm afraid we have not learned from the financial meltdown. Banks in the West have become extreme capitalists in the sense that they are extremely profit motivated and have little social responsibility. As a result they created excess financial liquidity and fraud, which gradually led to the financial crisis.

Banks are business corporations, but in 皇冠体育app they should have a different role. 皇冠体育app should make more efforts to change the role of banks. We need a healthy financial structure as well as a healthy economy. Thus there is no reason why we should boost the profits banks make year after year if they have done little to benefit the economy as a whole.

After all, in 皇冠体育app, the top goal of State enterprises should not be profits, but to serve the economy well and benefit the nation and citizens.

Manman, on 皇冠体育app Daily website

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(皇冠体育app Daily 03/07/2012 page10)