That's why China's banking industry was protected from the 2008 crisis.

WSJ: Managing in Asia: Foreign Head of Shenzhen Development Bank, Richard Jackson, Bank Sees Need for Efficiency

Their influence has been increasing in recent years, particularly since the government, in 2003, set up the China Bank Regulatory Commission to oversee banking industry.

FORBES: Magazine Article

Engage China, a coalition of banking and insurance industry organizations, has also supported the dialogue but stresses that much more work needs to be done.

FORBES: Magazine Article

Along with access to emerging markets, China is going for companies in environments with light-touch regulation, like Britain's banking industry.

FORBES: Magazine Article

Beyond the budget, Lew is expected to hew closely to the positions Geithner struck on Europe's debt crisis, the U.S. relationship with China and the administration's defense of the Dodd-Frank financial overhaul law that the banking industry has fought to weaken.

NPR: Senate Confirms Lew As Treasury Secretary