Corporate governance and banking in China / Michael N.T. Tan.

Format:

Book

Author/Creator:

Tan, Michael, 1945- author.

Series:

Routledge contemporary China series ; 98.

Routledge Contemporary China Series ; 98

Language:

English

Subjects (All):

Banks and banking--China.

Banks and banking.

Banks and banking--Government policy--China.

Corporate governance--China.

Corporate governance.

Physical Description:

1 online resource (232 p.)

Edition:

1st ed.

Place of Publication:

Abingdon, Oxon : Routledge, 2013.

Language Note:

English

Summary:

As China began its economic reforms in the late 1970s and made a transition from planned to a market economy, corporate governance of the banking sector became an increasingly pressing issue. Further, in the aftermath of the Asian Financial Crises in the late 1990s, Chinese authorities became acutely aware of the importance of corporate governance to ensure that their banking system would not suffer similar fates to those of other Asian countries. This book examines corporate governance in city commercial banks, which are the main source of loans to the dynamic small and medium enterprises that are crucial to the development of China's economy. By the end of 2008, there were 136 city commercial banks in China, 13 of which had foreign partners, and this book clearly demonstrates the positive effect of these foreign partnerships on corporate governance practices, in addition to financial performance. With evidence from extensive interviews with 10 city commercial banks in China, Michael Tan explores the different models of corporate governance, and in turn, asks which model is most suitable to China, how are Chinese authorities overcoming problems with corporate governance, and how do these problems compare with those in other transition economies? Whilst the primary focus of this study is on China's city commercial banks, there are lessons that apply much more broadly to the industry and it therefore will be invaluable to foreign banking institutions wishing to invest in China. This book will also be of great appeal to students and scholars of Chinese business and economics, corporate governance and banking.

Contents:

""Cover""; ""Title""; ""Copyright""; ""Contents""; ""List of tables""; ""Foreword""; ""Preface""; ""Acknowledgements""; ""List of acronyms and abbreviations""; ""1 Introduction""; ""1 Preamble""; ""2 Overview of banking system""; ""3 Research objectives""; ""4 The reform of China's banking sector""; ""5 Conceptual tools to analyse corporate governance""; ""6 Summary""; ""2 Models of corporate governance""; ""1 Introduction""; ""2 Models of corporate governance""; ""3 Conclusion""; ""3 Corporate governance in transitional economies""; ""1 An overview of transitional economies""

""2 The Big Bang approach versus the Gradualist approach""""3 Reasons for the different economic results""; ""4 Corporate governance in Russia""; ""5 Corporate governance in Central and Eastern European countries""; ""6 Comparison of corporate governance in Russia and China""; ""7 Conclusion""; ""4 The Chinese perspective on corporate governance""; ""1 Introduction""; ""2 The history of corporate governance in China""; ""3 Chinese scholarship on corporate governance""; ""4 Conclusion""; ""5 Chinese corporate governance problems encountered""; ""1 Misconceptions about corporate governance""

""2 Problems of governance at the micro level""""3 Problems of governance at the macro level""; ""4 Results of lack of corporate governance""; ""5 Conclusion""; ""6 External determinants of corporate governance""; ""1 Introduction""; ""2 The China Banking Regulatory Commission""; ""3 The China Securities Regulatory Commission""; ""4 Code of Corporate Governance""; ""5 Business and informal networks""; ""6 The role of the state and the Chinese Communist Party""; ""7 Conclusion""; ""7 Financial systems and economic growth""; ""1 Introduction""

""2 Measurement of the development of banking and finance""""3 Bank based and market based financial systems""; ""4 How financial systems impact on economic growth""; ""5 Corporate governance and economic growth""; ""6 Why aim for economic growth?""; ""7 What causes long-term economic growth?""; ""8 Conclusion""; ""8 A historical perspective of City Commercial Banks in China""; ""1 Introduction""; ""2 Background of China's Urban Credit Cooperatives""; ""3 The emergence and development of UCCs""; ""4 The unique features of UCCs""; ""5 Origins of CCBs""

""6 Foreign investor interest in China's CCBs""""7 Foreign investments in CCBs""; ""8 China's CCBs""; ""9 Conclusion""; ""9 Government policies affecting City Commercial Banks""; ""1 Introduction""; ""2 National policies of the National Development and Reform Commission""; ""3 Preferred lending policies directed by the government""; ""4 Bridging the urban�rural and rich�poor divide""; ""5 Conclusion""; ""10 Foreign partners in China's City Commercial Banks""; ""1 Introduction""; ""2 Foreign investors in China's CCBs""; ""3 Part 1: the Australian banks""; ""4 Part 2: the European banks""

""5 Part 3: the Asian banks""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-136-05652-1

1-136-05653-X

0-203-07836-5

9780203078365

OCLC:

922959355