Time is right for ABC's shareholding reform

It has been reported that Central Huijin, the State-owned investment company, plans to inject $40 billion into the Agricultural Bank of China (ABC), the only one of the Big 4 State-owned commercial banks that remains unlisted, to initiate its reform.

Though a spokesperson from the China Banking Regulatory Commission (CBRC) denied such a decision had been made in an interview with Southern Daily last week, the long-awaited shareholding reform of the ABC has again aroused public attention.

In the opinion of this writer, the time is now right for the ABC to take the reform.