Chinese President Hu Jintao called for faster economic restructuring, particularly in the banking sector, during a meeting of Communist Party Politburo Standing Committee members called to discuss the direction of key state sectors, state media reported. Hu's position lends support to those arguing for state banks to seek overseas IPOs quickly as a means to pre-empt more industry scandals. Others have said the rush to list the state banks would be irresponsible, given their weak internal controls and management.
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