Download Banking in China (Palgrave Macmillan Studies in Banking and by V. Cousin PDF
By V. Cousin
China's banking procedure has a relevant function to play within the improvement of the rustic. This quantity deals a detailed research of the chinese language banking quarter, of its demanding situations, and the explanations for its current shape, in addition to the consequences for reform. Volaine Cousin's discusses intensive the categories of financial institution working in China and analyzes the industry's severe concerns comparable to monetary intermediation, capital, and credits threat administration, company governance, and analyzes the demanding situations forward with regards to retail banking, Basel II and the WTO club.
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They cannot invest in real estate other than for their own business needs, nor invest in other entities such as other banks or real sector enterprises. For trust companies, securities firms, commercial banking stays well off-limits. Services are cross-sold through strategic partnerships. At the beginning of 2006, regulations permitting the establishment of financial holdings (to consolidate a wide range of financial services) had not yet been finalised. Dissolution of commercial banks requires the approval of PBOC.
Credit rating agencies in China rate long- and short-term corporate bonds, their issuers, loan certificates11 as well as financial institutions and enterprises. 7). Most are small and lack professional experience. Many have only a regional or industrial focus and have not established any name in the market to speak of. , 2003). , 2005), these agencies also suffer from the lack of interest of Chinese investors in ratings (most agencies have few subscribers) as well as the reluctance from Chinese enterprises to publish internal information.
This often leads to contradictory situations and adds workload for the regulated entities, which often have to report the same or similar information to a number of different agencies. The differentiated supervision increases focus and specialisation but at the same time acts in some cases as a barrier to development and innovation. 2 Important commercial banking laws and regulations Overall, China is progressively moving away from decree-based towards rules-based regulation. In their daily work, PBOC and CBRC issue administrative rules that should help implement and regulate the laws issued at a higher level.