Payback time

  • Business Premium
  • Monday, 11 Dec 2006

SHANGHAI: Following the December 11 WTO deadline for China to fully open its banking sector to foreign lenders, observers wonder whether the institutions’ anticipated profits in this lucrative market will be accompanied by social outreach. 

As a matter of fact, corporate social responsibility has been defined by some lenders as managing the business responsibly and sensitively for long-term success by working with customers, shareholders, colleagues, communities and other stakeholders. 

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