Long-Term Commitment, Trust and the Rise of Foreign Banking in China

The rapid growth of foreign banks has aroused a growing interest in the academic field and specifically as regards to the question of why foreign banks exist. This book aims to establish the relationship between trust as contextual knowledge capital built between the Chinese government and foreign banks and foreign banks. knowledge capital and the relationship between the former and foreign banks. long-term commitment. By investigating the development strategy of foreign banks and by examining and explaining the importance of foreign banks. long-term commitment to their development, this book has demonstrated that foreign banks established branches in China not only to follow their home-country customers in order to retain their knowledge capital but also to gain market access. Trust as contextual knowledge capital built between foreign banks and the Chinese government could assist their knowledge capital retention and their market access strategy. Foreign banks. long-term commitment could help them to achieve this contextual knowledge capital. This book thus has major implications for the development strategy of foreign banks in a government-oriented economy with a controlled banking sector. The first book covering the relationship between the governments trust and support and the rise of foreign banks in China Few studies have analysed the development of foreign banks from the standpoint of government, i.e. the supply side of the banking licence, and the relationship between the development of foreign banks and the trust built between foreign banks and the government The first book showing how some big foreign banks in China, such as HSBC, built relationship with the Chinese government

Banking Regulation in China provides an in-depth analysis of the country's contemporary banking regulatory system, focusing on regulation in practice. By drawing on public and private interest theories relating to bank regulation, He argues that controlled development of the banking sector transformed China's banks into more market-oriented institutions and increased public sector growth. This work proves that bank regulation is the primary means through which the Chinese government achieves its political and economic objectives rather than using it as a vehicle for maintaining efficient financial markets.

When China’s economic reforms were beginning, there was an expectation in the west that China’s financial markets would be opened to western banks and that China’s banks would be reformed along western lines. Joint ventures between Chinese banks and western banks, minority shareholding by western banks and the involvement of western banking personnel in assisting Chinese banks with their reforms were all seen as moves towards reform along western lines. This book analyses the role which western bankers have played in China’s economic reforms, focusing on their influence on institutional change and corporate governance. Based on extensive original research, the book shows that while components of western models of corporate governance have been widely adopted, the motivation for these changes seems to have been legitimacy-seeking by Chinese banks, and that whilst there has been relatively rapid change in the formal legislative environment, informal organisational practices are changing at a much slower pace. Alliances between Chinese and western banks are woven with contradictions and power games and so many actors in the Chinese banking sector seek to resist manipulation by their western counterparts. The financial crisis weakened the idea that western banks are a universally correct model and strengthened China’s resolve to keep control of its banking sector and manage it along Chinese lines.

Material is arranged geographically. For each country there is a country profile followed by information on marketing data, communications, transportation, business travel, key contacts, and a summary trade regulations and documentation required. Also included are brief sections on U.S. ports, U.S. foreign trade zones, World Trade Center Association members, U.S. government agencies providing assistance to exporters, foreign trade organizations, foreign communications, and general exports and shipping information and practice.

Material is arranged geographically. For each country there is a country profile followed by information on marketing data, communications, transportation, business travel, key contacts, and a summary trade regulations and documentation required. Also included are brief sections on U.S. ports, U.S. foreign trade zones, World Trade Center Association members, U.S. government agencies providing assistance to exporters, foreign trade organizations, foreign communications, and general exports and shipping information and practice.

This IMF occasional paper offers an analytical overview of China's prospects and challenges for its growth and integration into the world economy. Divided into eight chapters, each focusing on a different aspect of China's economic position and development, including international trade, pricing, fiscal federalism, and labour market performance, the paper assesses China's economic potential for integration, and what it will take to achieve this goal.