China has accelerated and deepened bank reform since it joined the WTO in 2001. Employing a stochastic distance … governance changes on bank efficiency in China for the period 1995-2005. Our results show that bank efficiency has been improved … foreign competition is beneficial to China's on-going bank reform, and going-public is just a means to allow effective foreign …

conclusion that SOB reforms in China over the last 10 years have produced remarkable results …