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.

1 comment:

Anonymous said...

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