The Chinese banking industry : lessons from history for today's challenges / Yuanyuan Peng.

Format:

Book

Author/Creator:

Peng, Yuanyuan, 1968-

Series:

Routledge studies on the Chinese economy ; 26.

Routledge studies on the Chinese economy ; 26

Language:

English

Subjects (All):

Banks and banking--China.

Banks and banking.

Banks and banking--Government policy.

China.

Banks and banking--Government policy--China.

Physical Description:

xvi, 196 pages : illustrations ; 24 cm.

Place of Publication:

London ; New York : Routledge, 2007.

Summary:

Banking reform is a prerequisite for continued high economic growth in China and is a crucial element of China's overall economic reforms. Chinese banks, especially state banks, face a wide ranging series of challenges that not only imperil the health of the banking system, but also endanger the stability of the whole economy. This book argues that because banking problems in China are sensitive, involving top political authorities and even government leaders, it is not possible to collect all the necessary information, let alone make it public, and that therefore a good way of analysing present day challenges is to consider how similar challenges arose and were dealt with in the past. The book provides detailed systematic analysis of the historical development of the Chinese banking industry, focusing in particular on the development of the Bank of China (BOC) in the period 1905 to 1949. It addresses important issues in its evolution, including corporate governance, government intervention, foreign competition and white-collar crime, highlighting how these areas continue to be the problem areas today. It evaluates how the challenges in these areas were met, considers the results of its efforts, and draws lessons for policy-making today. Overall, this book analyses the key issues in Chinese banking reform, providing an historical perspective on these challenges by showing how they have been dealt with in the past.

Contents:

Introduction

The challenges facing China's state banks today

Corporate governance

Government intervention

Foreign competition

White-collar crimes

Conclusion.

Notes:

Includes bibliographical references (pages [177]-192) and index.

ISBN:

0415423473

0203962230

9780415423472

9780203962237

OCLC:

73993271