The Rise of Foreign Investment in China’s Banks—Taking Stock / Lamin Leigh, Richard Podpiera.

Format:

Book

Government document

Author/Creator:

Leigh, Lamin.

Contributor:

Podpiera, Richard.

International Monetary Fund. Asia and Pacific Department.

Series:

IMF Working Papers; Working Paper ; No. 2006/292

IMF Working Papers

Language:

English

Subjects (All):

Banks and banking--China.

Banks and banking.

Investments--China.

Investments.

Physical Description:

1 online resource (16 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2006.

Language Note:

English

Summary:

The recent wave of foreign investment in China's banks and the prospects of further opening of the banking sector under the WTO agreement suggest that foreign banks are likely to play an increasingly important role in China. This paper takes stock of the involvement of foreign banks in the Chinese banking sector in the perspective of international experience. While in most other countries foreign bank entry took the form of direct takeover or majority shareholding, foreign investments in China's banks have been minority shareholdings with very limited management involvement. The paper concludes that China appears to be well positioned to benefit from further opening of the banking sector to foreign investors. International experience suggests that greater competition from and participation of foreign banks can in general bring important benefits if appropriate incentives and sufficient opportunities are created.

Contents:

""Contents""; ""I. INTRODUCTION""; ""II. FOREIGN BANKS IN CHINA""; ""III. LESSONS FROM INTERNATIONAL EXPERIENCE""; ""IV. CONCLUSIONS""; ""References""

Notes:

"December 2006."

At head of title: Asia and Pacific Department.

Includes bibliographical references (p. 14).

Description based on print version record.

ISBN:

9786613824844

9781462343737

1462343732

9781452721880

1452721882

9781283512398

1283512394

9781451910056

1451910053

OCLC:

535146912