Kooperativer Bibliotheksverbund

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Format: 1 online resource (191 pages)

ISBN: 9781351020015 , 1351020013 , 9781351020008 , 1351020005

Series Statement: Routledge Studies on the Chinese Economy Ser.

Note: Reducing moral hazard and encouraging efficient allocation of capital. , Cover; Half Title; Book Title; Copyright; Contents; Illustrations; Figures; Tables; Selected milestones in the reform of China's banking sector; Preface; Abbreviations; 1 Introduction; Part I: the orthodox view of reform; The orthodox view of reform and the role of the state; The orthodox view of reform and the regulation of markets; Part II: reform as an evolution of institutions; Why history matters; Why history matters; Why history matters; Why history matters; Why history matters; References; 2 The search for a modern banking system (800-1990); China's indigenous banking system. , Foreign intervention and a failed attempt to establish a modern banking systemBanking within the planned economy system; Reform and opening: banks to become 'real banks'; Diversification of the banking sector; The role of new financial institutions in the development of the banking sector; Bureaucratic control and decentralising reforms; Establishing institutions of market governance; Financial regulation; Risk management; Auditing; Human capital; Increasing burden on banks; Conclusion; References; 3 Building a banking regulatory system for the socialist market economy (1990-96). , Inability to ensure economic stabilityImplementation of 'control and rectification' policy; Lack of financial order; Reform measures; Bureaucratic control and market regulation; 'Groping for stones' -- subsequent institutional development in the banking sector; Build-of risk in the banking sector; Conclusion; References; 4 Reducing systemic risk in the socialist market economy (1997-2002); The AFC and the dangers of the global financial system; The AFC as a driver for domestic reform; The first national financial work meeting; Immediate measures to reduce the level of NPLs. , SOE reform as a removal of the historical burdenReform to regulate the market; Clean-up of the NBFI sector; Bringing fraud to light; Improving party governance; WTO entry as a threat and an opportunity; Sovereignty of China's banking sector; The second national financial work meeting; Conclusion; References; 5 The development of a sound and sustainable banking model (2003-07); Improving banking supervision; The CBRC; Shareholding reform; Financial restructuring of the large state-owned banks; Auditing of the large state-; Minority investors; Listing of China's large state-owned banks. , Corporate governance after listingRisk management; Credit risk; Operational risk; Human resources; Legal development; Interest rate reform and wealth management products; The lifting of restrictions on RMB business for foreign banks post-WTO entry; Conclusion; References; 6 Reacting to the global financial crisis (2008-17); The war of ideas over financial regulation; The direct impact of the crisis; The stimulus plan and increased bank lending; Credit risk; Local government debt; Shadow banking; Party initiatives to reduce expenditure and stop corrupt practices.

Additional Edition: Print version: Williams, Guy. Evolution of China's Banking System, 1993-2017. Milton : Routledge, ©2018 ISBN 9781138496972

Language: English

DOI: 10.4324/9781351020022.

URL: https://www.taylorfrancis.com/books/9781351020022