Oklahoma banking is finding its way into yet another
international arena with 14 Chinese bankers who are set to begin
classes today at Oklahoma State University.
The officers and managers are from the China Investment Bank
and are in the state for 10 weeks of instruction in American
Last month, 15 bankers from the Czech Republic, Slovakia and
Romania completed three-week internships at banks in Oklahoma.
They began their tour in the state in May with the two-week
resident session of Oklahoma City University's Jack T. Conn
Graduate School of Community Banking.
The Chinese bankers at OSU are from one of four state-owned
national banks created to make investment decisions independent
of the country's central bank, the People's Bank of China. The
country had only one bank until an economic reform policy
expanded the banking system.
The investment bank was created in 1981 and has branches in 22
provinces. It has business relations with more than 200 overseas
financial institutions. Besides the investment bank, China also
has a commercial bank, agricultural bank and communications
The bankers are required to take instruction in free-market
banking practices by the World Bank, which loans money for the
China Investment Bank to loan to small to medium-sized Chinese
The OSU College of Business Administration won a $46,025
contract from the World Bank to provide the program. The
curriculum includes classroom instruction, field trips to banks,
two Federal Reserve units and cultural sites. They also will
receive instruction in English as a second language.
OSU got involved in the program in the spring after being
approached about it by a Stillwater resident and economic
development consultant to the World Bank, Jiping Zhang.
"This was her idea," said Dr. Gary Simpson, who holds the
Oklahoma Bankers Association Chair of Commercial Bank Management.
"She came to us and wondered if we would be willing to do this.
She had worked with OSU on some agriculture-related programs."
The course was designed around the specific needs of the
Chinese bankers and include an introduction to the American
financial and free enterprise systems. The bankers also were
interested in learning about our double-entry accounting system
and legal system.
Simpson said the banker-students will work on the school's
computer simulation, which will allow them to make decisions as
if they were managing an American bank and then see the results.
Other subjects to be covered include money and capital
markets, futures and options, commercial bank management, risk
analysis, investments and international marketing.
In addition to the classroom teaching, the Chinese bankers
will take several field trips. They will visit banks in
Stillwater, Oklahoma City and Tulsa and the Oklahoma Bankers
Association, Enterprise Square, Oklahoma Gas and Electric Co. and
Simpson said OSU may be able to repeat the program next year
if everything goes well.
Sponsors of the program, besides the business college, include
OSU's business extension and international programs. . .
Don Abernathy Jr. has been chosen president and chief executive
officer of The Bankers Bank, 5801 N. Broadway. He will direct the
seven-year-old organization's strategic planning and business
development. The Bankers Bank provides correspondent banking
services for about 100 banks in the state.
Abernathy has 15 years of banking experience in the Oklahoma
City area. …