The Evolution Of China S Banking System 1993 2017

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The Evolution of China's Banking System, 1993–2017

Guy Williams
The Evolution of China s Banking System 1993 2017 Book PDF

Author : Guy Williams
Publisher : Routledge
Page : 176 pages
File Size : 43,9 Mb
Release : 2018-06-28
Category : Social Science
ISBN : 9781351020008

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The Evolution of China's Banking System, 1993–2017 by Guy Williams Pdf

This book traces the development of China’s banking system through the first 25 years of China’s socialist market economy up to the present. It examines how China’s leaders have chosen their own path for reforming and regulating the banking sector and shows how this approach has differed significantly from the neoliberal approach promoted by the West. The book demonstrates the effectiveness of the Chinese approach, contrasting China’s relative success in weathering the Asian financial crisis with the huge disruption experienced by other East and Southeast Asian nations which had followed the neoliberal model much more closely. The book explains how China’s officials were able to resist the persistent efforts of foreign financial institutions to gain control of China’s financial sector, particularly around the time of China’s entry to the World Trade Organization. It argues that China’s increasing influence in international financial institutions after the global financial crisis can help mitigate the risk of future financial crises and promote global financial stability.

The Evolution of China's Banking System, 19932017

Guy Williams
The Evolution of China s Banking System 19932017 Book PDF

Author : Guy Williams
Publisher : Routledge
Page : 176 pages
File Size : 48,7 Mb
Release : 2020-08-14
Category : Electronic
ISBN : 0367589125

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The Evolution of China's Banking System, 19932017 by Guy Williams Pdf

This book traces China's banking system through the first twenty five years of China's socialist market economy to the present. It examines how China's leaders chose their own path for reforming and regulating the banking sector and how this differed from the neoliberal approach promoted by the West.

China's Banking Transformation

James Stent
China s Banking Transformation Book PDF

Author : James Stent
Publisher : Oxford University Press
Page : 272 pages
File Size : 40,7 Mb
Release : 2016-11-01
Category : Business & Economics
ISBN : 9780190497040

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China's Banking Transformation by James Stent Pdf

In this timely and provocative book, James Stent, a banker with decades of experience in Asian banking and fluency in Chinese language, explains how Chinese banks work, analyzes their strengths and weaknesses, and sets forth the challenges they face in a slowing economy. Without minimizing the real issues Chinese banks face, China's Banking Transformation challenges negative media accounts and reports of "China bears". Based on his 13 years of service on the boards of China Minsheng Bank, a privately owned listed bank, and China Everbright Bank, a state-controlled listed bank, the author brings the informed view of an insider to the reality of Chinese banking. China's Banking Transformation demonstrates that Chinese banks have transformed into modern, well-run commercial banks, playing a vital role supporting China's extraordinary economic growth. Acknowledging that China's banks are different from Western banks, the author explains that they are hybrid banks, borrowing extensively from Western models, but at the same time operating within a traditional Chinese cultural framework and in line with China's governance model. From his personal experience working at board level, Stent describes the governance and management of China's banks, including the role of the Communist Party. He sees China's banks as embedded in ancient concepts of how government and society work in China, and also as actors within a market socialist political economy. The Chinese banking system today bears similarities with banking in Northeast Asian "developmental states" of recent past, and also pre-1949 Chinese banking. As the first account of Chinese banking by a Westerner who has worked in China's banks, China's Banking Transformation should be read by anyone interested in the political economy of contemporary China, in Asian development issues, and in banking issues generally. The book dispels misconceptions and provides insight into the financial aspects of China's economic growth story.

Transformation of China's Modern Banking System

Rixu Lan
Transformation of China s Modern Banking System Book PDF

Author : Rixu Lan
Publisher : Unknown
Page : 128 pages
File Size : 55,7 Mb
Release : 2015
Category : Banks and banking
ISBN : 1623200806

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Transformation of China's Modern Banking System by Rixu Lan Pdf

"Traces the History and Vicissitudes of China's Modern Banking System" The product of more than 10 years of research, Transformation of China's Modern Banking System provides a detailed study of the evolution of China's banking system from the late Qing era to the Republican era. Transformation of China's Modern Banking System offers a unique and comprehensive analysis of the financing structure, governance structure, incentive and restraint mechanisms, and structural changes of China's modern banking system. Lan Rixu uses historical evidence to show how the transformation of the modern banking system of China reflected an acute awareness of the practical reality of modern Chinese bankers. Transformation of China's Modern Banking System details the systematic changes in China's banking system during the chaotic period when traditional China met the West. Transformation of China's Modern Banking System is a winner of the Second Financial Book Awards, the Golden Goat Awards, co-organized by China Finance, China (Guangzhou) International Finance Expo, and the Finance Affairs Office of Guangzhou. Volume 1 Structures and influences of China's traditional financial organizations Historical contexts of the establishment of exemplary Chinese banks Comprehensive investigations on the corporate system of modern banking in China. The product of more than 10 years of research, Transformation of China's Modern Banking System provides a detailed study of the evolution of China's banking system from the late Qing era to the Republican era. Transformation of China's Modern Banking System offers a unique and comprehensive analysis of the financing structure, governance structure, incentive and restraint mechanisms, and structural changes of China's modern banking system. Lan Rixu uses historical evidence to show how the transformation of the modern banking system of China reflected an acute awareness of the practical reality of modern Chinese bankers. Transformation of China's Modern Banking System details the systematic changes in China's banking system during the chaotic period when traditional China met the West. Transformation of China's Modern Banking System is a winner of the Second Financial Book Awards, the Golden Goat Awards, co-organized by China Finance, China (Guangzhou) International Finance Expo, and the Finance Affairs Office of Guangzhou.--

China's Banking and Financial Markets

Li Yang,Robert Lawrence Kuhn
China s Banking and Financial Markets Book PDF

Author : Li Yang,Robert Lawrence Kuhn
Publisher : John Wiley & Sons
Page : 401 pages
File Size : 44,8 Mb
Release : 2007-04-13
Category : Business & Economics
ISBN : 9780470822197

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China's Banking and Financial Markets by Li Yang,Robert Lawrence Kuhn Pdf

"This is a very timely book. With the recapitalization and reform of China's banking sector now well under way, the banks are on the brink of a new era of growth and expansion. This work is the definitive reference on the banking sector in China, and is an essential tool for anyone seeking to understand the dynamics of financial intermediation on the Mainland. It sets out the facts, free of the judgment calls that so often cloud the true picture of the health of China's banking system." --Dr. David K.P. Li, Chairman and Chief Executive, The Bank of East Asia, Limited "As China continues its impressive pace of economic growth, the rest of the world is constantly reassessing the opportunities and challenges it presents. This book is the first official report on the status of China's financial services industry and financial markets. For the first time, the international community gets access to the same information that the Chinese government uses in making key policies. Such unique insights make this book an essential read for business leaders, investors, policy makers, scholars, and anyone who is interested in understanding China's profound impact on businesses and consumers globally." --Maurice R. Greenberg, Chairman & CEO, C.V. Starr & Co. "This is the first book that introduces all aspects of the Chinese banking and financial markets to international audiences. From its developmental history to its contemporary challenges, China's banking and finance markets are presented, explored and analyzed with great detail and in great depth. Both the richness of the data and the scholarly strength of the methodology are a milestone. China's increasing participation in global financial markets makes this book a must read for all financial professionals worldwide." --Lefei Liu, Chief Investment Officer, ChinaLife Insurance

China's Commercial Health Insurance

China Development Research Foundation
China s Commercial Health Insurance Book PDF

Author : China Development Research Foundation
Publisher : Routledge
Page : 517 pages
File Size : 54,6 Mb
Release : 2020-08-18
Category : Business & Economics
ISBN : 9781000051780

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China's Commercial Health Insurance by China Development Research Foundation Pdf

This book examines the financing of China’s health system, argues that present arrangements are not adequate and proposes an increased role for commercial health insurance as a way of overcoming the difficulties. Highlighting that China’s present social medical insurance system can only cover basic medical services, with the results that many Chinese people with higher income are going abroad for high-quality medical services and that doctors are not bringing in the salaries and obtaining the social status they expect, the book suggests that commercial health insurance offers a possible solution, in that it can help meet the demand of higher-income groups for better healthcare services while at the same time increasing the income of more competent medical professionals. The book goes on to consider the current state of China’s commercial insurance industry, outlining the various challenges that the industry needs to overcome if it is to fulfil an increased role, challenges such as greater specialization, increased capacity, structural reform, improved regulation and closer integration with China’s medical reform programme.

The Handbook of China's Financial System

Marlene Amstad,Guofeng Sun,Wei Xiong
The Handbook of China s Financial System Book PDF

Author : Marlene Amstad,Guofeng Sun,Wei Xiong
Publisher : Princeton University Press
Page : 504 pages
File Size : 46,9 Mb
Release : 2020-11-17
Category : Business & Economics
ISBN : 9780691205847

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The Handbook of China's Financial System by Marlene Amstad,Guofeng Sun,Wei Xiong Pdf

A comprehensive, in-depth, and authoritative guide to China's financial system The Chinese economy is one of the most important in the world, and its success is driven in large part by its financial system. Though closely scrutinized, this system is poorly understood and vastly different than those in the West. The Handbook of China’s Financial System will serve as a standard reference guide and invaluable resource to the workings of this critical institution. The handbook looks in depth at the central aspects of the system, including banking, bonds, the stock market, asset management, the pension system, and financial technology. Each chapter is written by leading experts in the field, and the contributors represent a unique mix of scholars and policymakers, many with firsthand knowledge of setting and carrying out Chinese financial policy. The first authoritative volume on China’s financial system, this handbook sheds new light on how it developed, how it works, and the prospects and direction of significant reforms to come. Contributors include Franklin Allen, Marlene Amstad, Kaiji Chen, Tuo Deng, Hanming Fang, Jin Feng, Tingting Ge, Kai Guo, Zhiguo He, Yiping Huang, Zhaojun Huang, Ningxin Jiang, Wenxi Jiang, Chang Liu, Jun Ma, Yanliang Mao, Fan Qi, Jun Qian, Chenyu Shan, Guofeng Sun, Xuan Tian, Chu Wang, Cong Wang, Tao Wang, Wei Xiong, Yi Xiong, Tao Zha, Bohui Zhang, Tianyu Zhang, Zhiwei Zhang, Ye Zhao, and Julie Lei Zhu.

Wind Power in China

Julia Kirch Kirkegaard
Wind Power in China Book PDF

Author : Julia Kirch Kirkegaard
Publisher : Routledge
Page : 346 pages
File Size : 53,5 Mb
Release : 2018-11-12
Category : Social Science
ISBN : 9781351849883

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Wind Power in China by Julia Kirch Kirkegaard Pdf

Whilst China’s growing economy is widely regarded as being responsible for severe environmental degradation and a high reliance on energy from fossil fuels, China is emerging as a potential leader in new green energy technologies. Outlining the extraordinary growth in China’s wind power capacity since 2005, this book explores the deliberate creation of a whole industry and the strategy of transitioning the power sector to renewable energy by accelerated experimentation and through literally pushing the emerging wind power sector to its limits. Investigating how wind power may not always be considered as sustainable in a wider Chinese developmental context, the book traces the struggle China has had in getting this high technology sector to qualify as truly Chinese scientific development, whilst often being opaquely at the mercy of foreign expertise, technology, and certification. The book furthermore exposes the surprising nuances, dynamics, and potency of unexpected players in Chinese wind power marketisation. Complex interplays are revealed between wind turbine control systems, algorithms in critical software technology, relationships between suppliers, wind farm developers, financiers, the electrical grid itself, the coal lobby, the broader Chinese state, and much more. The book has important implications far beyond wind power and contemporary China studies, highlighting the much wider story of China’s fragmented and experimental style of innovating, upgrading, and greening.

Compressed Development

D. Hugh Whittaker,Timothy Sturgeon,Toshie Okita,Tianbiao Zhu
Compressed Development Book PDF

Author : D. Hugh Whittaker,Timothy Sturgeon,Toshie Okita,Tianbiao Zhu
Publisher : Oxford University Press
Page : 272 pages
File Size : 53,7 Mb
Release : 2020-09-15
Category : Business & Economics
ISBN : 9780191062377

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Compressed Development by D. Hugh Whittaker,Timothy Sturgeon,Toshie Okita,Tianbiao Zhu Pdf

This book proposes a new way to approach comparative international development by focusing on time and timing in economic and social development. The UK industrialized over two centuries, and then started to de-industrialize in the late 1960s. Today, the most rapid developers experience aspects of industrialization and de-industrialization simultaneously. It is no longer clear that industrialization offers the path of growth it once did; industrialization has become 'thin.' Demographic and social challenges that earlier developers faced sequentially now come at the same time. Rapid growers experience compression most acutely, but the spatial and temporal fusing of past and present is widespread, affecting high-, middle-, and lower-income countries alike. Timing refers to the differences in historical periods in which development takes place. The geopolitical, institutional and technological environment for countries recently integrated into the global economy has been vastly different from that of the preceding postwar decades of 'embedded liberalism,' although it does contain echoes of the 'first globalization' and 'first financialization' a century ago. The first era of liberalism did not end well, and the second is similarly foundering on the rocks of nationalism and protectionism, as it is being battered by a global pandemic. The authors propose an interdisciplinary conceptual framework based on co-evolving state-market and organization-technology dyads, which will help readers make sense of contemporary development across multiple societies, sectors and geographies, and provide a template for historical comparison.

Multinationals, Global Value Chains and Governance

Peter Hertenstein
Multinationals Global Value Chains and Governance Book PDF

Author : Peter Hertenstein
Publisher : Routledge
Page : 278 pages
File Size : 48,8 Mb
Release : 2019-08-16
Category : Social Science
ISBN : 9780429748929

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Multinationals, Global Value Chains and Governance by Peter Hertenstein Pdf

This book uses the examples of local supply firms in China and Brazil and their connections to the global automotive industry to explore the nature of current global value chains. It argues that lead firms make use of product architecture to globalize their procurement and supply chain management and that they effectively restructure the global supply base by internationalizing the most capable supply firms, thereby creating oligopolies controlled by the lead firm. The book goes on to contend that some firms have gained such powerful positions that they have gained a degree of control over other firms without the necessity of ownership – altering the mechanics of governance. Also, it shows how, although some supply firms from emerging markets have utilized their business ties with western assembly firms to upgrade themselves within the global value chain, most are squeezed out through increased global competition. Overall, the book makes a major new contribution to the economic theory of governance.

International Economic Governance in a Multipolar World

Radhika Desai
International Economic Governance in a Multipolar World Book PDF

Author : Radhika Desai
Publisher : Routledge
Page : 110 pages
File Size : 42,8 Mb
Release : 2022-04-19
Category : Political Science
ISBN : 9781000571912

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International Economic Governance in a Multipolar World by Radhika Desai Pdf

This book covers key aspects of the governance of the world economy, from the structures of capitalism to regional economic integration through the trading and production systems. International economic governance was already in crisis well before the pandemic, and talk of the crisis of multilateralism and of the postwar Bretton Woods arrangements had become commonplace. The pandemic, with its economic, political, and international reverberations, has only widened and deepened that crisis, which has now taken the form of a new cold war on China, and made the search for solutions more urgent. In this context, the chapters in this volume contribute to a deeper understanding of how international economic governance and the world economy have been changing over the long run, and provide insights into the new forms they are taking at the macro and micro levels. The book covers the crisis of capitalism revealed by the pandemic, particularly when contrasted with socialist countries, initiatives of regional economic integration that challenge, rather than being subordinated by, western powers, including the US, the evolution of the trade regime in ways that make contemporary trade wars intelligible, and the shakeup of the international production system. The chapters in this book were originally published as a special issue of The Japanese Political Economy.

China's Economic Rise

Congressional Research Service
China s Economic Rise Book PDF

Author : Congressional Research Service
Publisher : Createspace Independent Publishing Platform
Page : 52 pages
File Size : 44,6 Mb
Release : 2017-09-17
Category : Electronic
ISBN : 1976466954

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China's Economic Rise by Congressional Research Service Pdf

Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.

China’s 40 Years of Reform and Development: 1978–2018

Ross Garnaut,Ligang Song,Cai Fang
China s 40 Years of Reform and Development 1978 2018 Book PDF

Author : Ross Garnaut,Ligang Song,Cai Fang
Publisher : ANU Press
Page : 709 pages
File Size : 53,7 Mb
Release : 2018-07-19
Category : Business & Economics
ISBN : 9781760462253

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China’s 40 Years of Reform and Development: 1978–2018 by Ross Garnaut,Ligang Song,Cai Fang Pdf

The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.

Sveriges Riksbank and the History of Central Banking

Rodney Edvinsson,Tor Jacobson,Daniel Waldenström
Sveriges Riksbank and the History of Central Banking Book PDF

Author : Rodney Edvinsson,Tor Jacobson,Daniel Waldenström
Publisher : Unknown
Page : 527 pages
File Size : 41,6 Mb
Release : 2018-05-24
Category : Business & Economics
ISBN : 9781107193109

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Sveriges Riksbank and the History of Central Banking by Rodney Edvinsson,Tor Jacobson,Daniel Waldenström Pdf

Offers a comprehensive analysis of the historical experiences of monetary policymaking of the world's largest central banks. Written in celebration of the 350th anniversary of the central bank of Sweden, Sveriges Riksbank. Includes chapters on other banks around the world written by leading economic scholars.

A Financial History of China (1949–2019)

Yunxian Wu
A Financial History of China 1949 2019 Book PDF

Author : Yunxian Wu
Publisher : Springer Nature
Page : 237 pages
File Size : 42,6 Mb
Release : 2023-11-11
Category : Business & Economics
ISBN : 9789819965717

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A Financial History of China (1949–2019) by Yunxian Wu Pdf

This book summarizes the financial development of China from 1949 to 2019. This book divides the process of financial development during the past 70 years into five stages, focusing on the development characteristics of different parts of the financial institution system, including banks, securities, insurance, and other financial institutions, as well as the difficult growth process of financial markets (currency, capital, bond, and foreign exchange markets, etc.) from absence to existence, from small to large. This book objectively analyzes the achievements of China’s financial industry in the past 70 years and reveals the historical experience and enlightenment contained therein.