Comment on 'Building an Efficient Financial System in China: A Need for Stronger Market Discipline'.

The article talks about the need of building efficient financial system in China by adopting dual-track systems for improving economic condition of China. Topics include roles and behavior of state-owned enterprises (SOEs) and state-owned banks (SOBs); government reform efforts including developments of digital finance in China; and Peking University Digital Finance Development Index for tracking the progress of digital finance in various sectors.