World Financial Crisis and Efficiency of Chinese Commercial Banks

摘要

The global credit crunch since the second half of 2007 disrupted the stabil-ity of the world financial market. Share prices of some of the world's banking giants, such as Citigroup and the Royal Bank of Scotland (RBS), tumbled by more than 95 per cent from 2007 to January 2009. However, its influence to the Chinese banking sector was quite limited as Chinese banks are much more conservative than foreign counterparts in derivatives investment.