In an exclusive interview with Euromoney Zhu Min, group executive vice president at Bank of China, talks about lessons learned from the financial crisis, the limitations of Basle II, and reforming the bank’s risk management.

In an exclusive interview with Euromoney Zhu Min, group executive vice president at Bank of China, talks about lessons learned from the financial crisis, the limitations of Basle II, and reforming the bank’s risk management.

The Bank of China aims to be a major international player by the year 2010. But it faces many challenges, not least of which is the transformation of a large proportion of its international profit - from Hong Kong - into domestic profit in less than 500 days. Sophie Roell reports on the bank's efforts to expand its areas of expertise, introduce tighter controls and achieve real independence.