The Political Economy Of Banking Governance In China

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The Political Economy of Banking Governance in China

Author : Xuming Yang
Publisher : Taylor & Francis
Page : 252 pages
File Size : 44,6 Mb
Release : 2017-04-21
Category : Social Science
ISBN : 9781315281926

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The Political Economy of Banking Governance in China by Xuming Yang Pdf

Chinese state banks, which were considered technically insolvent in the 1990s, are at present among the largest and most important banks in the world. This book, based on the author’s research and also on his extensive experience of working in Chinese banks, explores how Chinese banks’ technical efficiency and organisational flexibility have been achieved whilst ownership and control by the Chinese Communist Party have continued. The author reveals a distinctly non-Western approach to corporate governance, but one that has nevertheless worked very well.

The Political Economy of Chinese Finance

Author : J. Jay Choi,Michael R. Powers,Xiaotian Tina Zhang
Publisher : Emerald Group Publishing
Page : 424 pages
File Size : 50,8 Mb
Release : 2016-09-02
Category : Business & Economics
ISBN : 9781785609572

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The Political Economy of Chinese Finance by J. Jay Choi,Michael R. Powers,Xiaotian Tina Zhang Pdf

Volume 17 of International Finance Review focusses on a variety of issues relating to the political economy of Chinese finance.

The Political Economy Of China's Financial Reforms

Author : Paul Bowles,Gordon White
Publisher : Routledge
Page : 185 pages
File Size : 55,8 Mb
Release : 2019-07-11
Category : Political Science
ISBN : 9781000304459

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The Political Economy Of China's Financial Reforms by Paul Bowles,Gordon White Pdf

THIS PATHBREAKING Work analyzes the evolution of China's financial reforms since 1979. China's reformers have stressed the construction of a more diverse, flexible, and competitive financial system as a crucial element of China's economic reform program. The authors assess the theory and practice of financial reform in light of China's specific characteristics as a large, developing country that still claims to be pursuing the goal of establishing a new form of "socialist" market economy. The authors utilize two approaches. First, they place the overall design and trajectory of. financial reform since 1979 within a broad comparative framework of alternative strategies of financial reform and financial systems. Second, they use a political economy perspective to explore the complex interactions among the political and economic actors— individual, group, or institutional—that affect reform outcomes. Integrating these two approaches, the authors conclude by assessing future directions for feasible and desirable financial reform in China.

The Political Economy of State-owned Enterprises in China and India

Author : X. Yi-chong
Publisher : Springer
Page : 277 pages
File Size : 44,5 Mb
Release : 2012-09-24
Category : Political Science
ISBN : 9781137271655

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The Political Economy of State-owned Enterprises in China and India by X. Yi-chong Pdf

Focused on unique features of economic development, this edited volume examines the nature and structure of corporate governance of several key state-owned enterprises in China and public sector units in India in five strategic sectors: oil and natural gas, steel, coal, electricity generation, and banking industries.

China's New Political Economy

Author : Susumu Yabuki
Publisher : Routledge
Page : 333 pages
File Size : 53,9 Mb
Release : 2018-03-05
Category : Political Science
ISBN : 9780429981326

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China's New Political Economy by Susumu Yabuki Pdf

In the completely revised second edition of this highly praised book, Susumu Yabuki, one of Japan's leading China experts, and Stephen M. Harner, A Shanghai-based investment banker, present a comprehensive and accessible analysis of China's political economy.The authors provide dozens of easy-to-grasp and up-to-date graphs, charts, tables, and maps to illustrate the reality of China, as they explain and comment on political, economic, financial and trade trends.Placing issues in historical perspective, and with a view to trends into the twenty-first century, the authors survey the realities of China's area and population, agriculture, energy needs, pollution, industrial structure, township and village enterprises, state-owned enterprise reform, unemployment, economic regions, foreign investment, state finances, fiscal and monetary policy, China's financial institutions, foreign financial institutions in China, stock markets, international finance, balance of payments and exchange rate policy, corporate finance, the role of Shanghai, government institution reform, foreign trade, the roles of Hong Kong and Taiwan, U.S.-China relations, and Japan-China relations.Useful as an introduction to China's economics, finance, and politics for students, and as a desktop reference volume for corporations, organizations, and individuals considering doing business in China, this unique study fills a genuine gap in the literature.

China: The Bankable State

Author : Bhabani Shankar Nayak
Publisher : Springer Nature
Page : 163 pages
File Size : 41,7 Mb
Release : 2021-11-09
Category : Political Science
ISBN : 9789811652523

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China: The Bankable State by Bhabani Shankar Nayak Pdf

The volume on China: The Bankable State rejects neoliberal consensus and focuses on crucial contributions of the Chinese state in shaping Chinese economy. This book makes crucial theoretical contributions to the study of local political economy of China. This book engages with Chinese state responses to challenges China faces in the processes of reform, transition and development of both commercial and non-commercial banks. This book explores Chinese economic growth and development policy processes and its uniqueness in the wider world economy. The book examines Chinese financial policy praxis and offers an insightful account of its successes for the wider resurgence of alternative political economy of local development. Additionally, this book also showcases state led entrepreneurship in China.

China’s State Enterprises

Author : Ran Li,Kee Cheok Cheong
Publisher : Springer
Page : 216 pages
File Size : 40,5 Mb
Release : 2018-06-27
Category : Political Science
ISBN : 9789811301766

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China’s State Enterprises by Ran Li,Kee Cheok Cheong Pdf

This book focuses on the nature and significance of China’s state enterprises which have undergone substantial changes since China’s economic liberalization in 1978. It argues that much of the criticism is based on mistaken premises, where even the term ‘state-owned enterprises’ is a misnomer given that the emphasis is much less on ownership than on control. Using numerous case studies, this book highlights the extent to which these enterprises have evolved in response to reforms, and provides an in-depth analysis of their role in China’s outward investment strategy in the “Belt and Road” initiative. This role speaks to their growing influence as China expands her global footprint.

Japan and China in the World Political Economy

Author : Saadia Pekkanen,Kellee Tsai
Publisher : Routledge
Page : 351 pages
File Size : 45,8 Mb
Release : 2006-06-01
Category : Business & Economics
ISBN : 9781134203598

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Japan and China in the World Political Economy by Saadia Pekkanen,Kellee Tsai Pdf

Two powers in East Asia today stand to define the region's economic and commercial future: Japan, which rose in a spectacular industrial burst to become at present the world's second largest economy; and China, which is rapidly advancing towards a market economy under the watchful eye of the world. While much has been made of Japan and China’s particular economic institutions and developmental paths, few works analyze them in a comparative framework. Including contributions from leading academics, the text focuses on the period from the 1980s to the onset of the 2000s, reviewing the experiences of Japan and China across the areas of development, trade, investment, finance and technology. Drawing on a combination of official documents, economic statistics, case studies and original fieldwork, this book will give political scientists, political economists, business concerns, and policy analysts a firmer grasp of the role Japan and China stand to play in the world political economy.

Enter the Dragon

Author : Domenico Lombardi,Hongying Wang
Publisher : McGill-Queen's Press - MQUP
Page : 442 pages
File Size : 46,5 Mb
Release : 2016-10-17
Category : Political Science
ISBN : 9781928096467

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Enter the Dragon by Domenico Lombardi,Hongying Wang Pdf

China has experienced a remarkable transformation since the 1990s. It now boasts the second-largest — some would argue the largest — economy in the world, having evolved from a closed economy into the leading goods-trading nation. China’s economic rise has given it increasing prominence in international monetary and financial governance, but it also exposes China to new risks associated with its integration into the global financial system. Drawing insights from economics and political science, Enter the Dragon: China in the International Financial System takes a broad conceptual approach and tackles the questions that accompany China’s ascendance in international finance: What are the motivations and consequences of China’s effort to internationalize the renminbi? What is the political logic underlying China’s foreign financial policy? What forces have shaped China’s preferences and capacities in global financial governance? Enter the Dragon contributes to the ongoing debate over China’s political interests, its agenda for economic and financial cooperation, and the domestic and international implications of its economic rise. Bringing together experts from both inside and outside of China, this volume argues that China’s rise in the international financial system is a highly complex and political process, and can only be understood by incorporating analysis of domestic and international political economy.

China's Banking Transformation

Author : James Stent
Publisher : Oxford University Press
Page : 272 pages
File Size : 51,7 Mb
Release : 2016-11-01
Category : Business & Economics
ISBN : 9780190497057

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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.

Red Capitalism

Author : Carl E. Walter,Fraser J. T. Howie
Publisher : John Wiley & Sons
Page : 201 pages
File Size : 51,6 Mb
Release : 2011-01-19
Category : Business & Economics
ISBN : 9780470828953

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Red Capitalism by Carl E. Walter,Fraser J. T. Howie Pdf

In Red Capitalism, Carl Walter and Fraser Howie detail how the Chinese government reformed and modeled its financial system in the 30 years since it began its policy of engagement with the west. Instead of a stable series of policies producing steady growth, China's financial sector has boomed and gone bust with regularity in each decade. The latest decade is little different. Chinese banks have become objects of political struggle while they totter under balance sheets bloated by the excessive state-directed lending and bond issuance of 2009. Looking forward, the government's response to the global financial crisis has created a banking system the stability of which can be maintained only behind the walls of a non-convertible currency, a myriad of off-balance sheet arrangements with non-public state entities and the strong support of its best borrowers--the politically potent National Champions--who are the greatest beneficiaries of the financial status quo. China's financial system is not a model for the west and, indeed, is not a sustainable arrangement for China itself as it seeks increasingly to assert its influence internationally. This is not a story of impending collapse, but of frustrated reforms that suggests that any full opening and meaningful reform of the financial sector is not, indeed cannot be, on the government's agenda anytime soon.

Business, Government and Economic Institutions in China

Author : Xiaoke Zhang,Tianbiao Zhu
Publisher : Springer
Page : 359 pages
File Size : 46,7 Mb
Release : 2017-12-14
Category : Political Science
ISBN : 9783319644868

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Business, Government and Economic Institutions in China by Xiaoke Zhang,Tianbiao Zhu Pdf

This book brings together conceptual and empirical analyses of the causes and consequences of changing business–government relations in China since the 1990s, against the backdrop of the country’s increased integration with the global political economy. More specifically, it provides an interdisciplinary account of how the dominant patterns of interactions between state actors, firms and business organizations have changed across regions and industries, and how the changing varieties of these patterns have interacted with the evolution of key market institutions in China. The contributors to this edited volume posit that business–government relations comprise a key linchpin that defines the Chinese political economy and calibrates the character of its constitutive institutional arrangements.

The Rise of the People’s Bank of China

Author : Stephen Bell,Hui Feng
Publisher : Harvard University Press
Page : 360 pages
File Size : 41,5 Mb
Release : 2013-06-10
Category : Business & Economics
ISBN : 9780674073616

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The Rise of the People’s Bank of China by Stephen Bell,Hui Feng Pdf

With $4.5 trillion in total assets, the People’s Bank of China now surpasses the U.S. Federal Reserve as the world’s biggest central bank. The Rise of the People’s Bank of China investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking and monetary policy system in reform China. Stephen Bell and Hui Feng trace the bank’s ascent to Beijing’s policy circle, and explore the political and institutional dynamics behind its rise. In the early 1990s, the PBC—benefitting from political patronage and perceptions of its unique professional competency—found itself positioned to help steer the Chinese economy toward a more liberal, market-oriented system. Over the following decades, the PBC has assumed a prominent role in policy deliberations and financial reforms, such as fighting inflation, relaxing China’s exchange rate regime, managing reserves, reforming banking, and internationalizing the renminbi. Today, the People’s Bank of China confronts significant challenges in controlling inflation on the back of runaway growth, but it has established a strong track record in setting policy for both domestic reform and integration into the global economy.

Banking on Growth Models

Author : Stephen Bell,Hui Feng
Publisher : Cornell University Press
Page : 306 pages
File Size : 44,5 Mb
Release : 2022-05-15
Category : Political Science
ISBN : 9781501762536

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Banking on Growth Models by Stephen Bell,Hui Feng Pdf

Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors interact, no amount of incremental reform can have much impact on the financial system—meaningful reform can stem only from a revised growth model. For a time after the global financial crisis, it appeared that the expansion of a more market-oriented shadow banking system might help sustain China's economic growth. Since around 2015, however, Xi Jinping's regime has reversed this trajectory and placed China's financial system under heavy state control, resulting in slowed economic development and skyrocketing national debt. China's market transition and economic rebalancing are now in doubt, as is the fate of the nation's economy. By pinpointing finance as a vital element of the growth model, Bell and Feng provide a convincing assessment of financial risks and the prospects for economic rebalancing in China. Banking on Growth Models demystifies the world of Chinese banking and finance as it investigates an ever-rising national debt, a declining rate of economic growth, and the possibility of dire and drastic reform by the Asian superpower's government.

Inflation and Investment Controls in China

Author : Yasheng Huang
Publisher : Cambridge University Press
Page : 398 pages
File Size : 47,9 Mb
Release : 1999-11-13
Category : Business & Economics
ISBN : 0521665736

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Inflation and Investment Controls in China by Yasheng Huang Pdf

A political-economic analysis of how China has been able to avoid hyperinflation while maintaining high annual growth rates.