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Banker with a well-heeled foot in two camps

source:By Richard McGregor in Beijing   Eoin Callan  1999-12-31 17:00:00

Ma Weihua does not look like China’s best-paid commercial banker and one of the richest Communist party delegates to the National People’s Congress, the Chinese law-making body meeting this week in Beijing.

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Clad in a checked coat and turtleneck sweater, Mr Ma looks more like a middle-ranking official than a top banker earning as much as $1m (£518,000) a year.

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Mr Ma embodies the wary melding of interests between the party and business, as both attempt to circle each other’s domains. ×Ö´®8

The dual role carries no contradictions for Mr Ma, who is used to hybrid structures as president of China Merchants Bank, the country’s sixth largest lender, an institution he says is “marketised but not privatisedâ€


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