Banking on change.

The article reports on the success of the float of the Agricultural Bank of China (AgBank) in Shanghai and Hong Kong in July 2010, which made China home to four of the 10 biggest banks of the world based on market value. It says that such development captures the rise of China, which has no banks included in the top 10 in 2004. According to the author, the four big banks hold close to two-thirds of the loans and deposits of the country. The need for China to create a viable corporate bond market is also discussed.