由Klaus ・ Koehler

協議和改革在加入WTO以後

當中國會加入WTO，組織在國家要求中國遵照特別義務關於銀行事務。 中國在五年之內必須同意對外國銀行完全地打開他們的銀行區段在會加入WTO以後從2001年- 2006年。 中國具體地同意，那它將允許外國銀行完成外幣事務，不用任何市場通入或全國治療局限和做外幣生意與外國被投資的公司和外國個體，以某些地理制約依據。 二年在加入WTO以後，外國銀行應該能做本國貨幣生意與中國公司受特別地理局限支配和在中國同意放鬆所有地理制約的五年之內。 中國也同意外國銀行允許提供財政謊話服務，在他們的中方的同時。

然而，中國是慢的在實施協議。 在2002中國人民銀行發布了治理外國被資助的銀行的章程與規則一起與WTO承諾同步，但PBOC是極端謹慎的在打開他們的銀行區段。 這個情況使它難為了外國銀行能進入市場和擴大他們的場地。 要舉例子，允許的PBOC外國資助銀行只打開一個分支每12個月。 當然這導致壓力國家例如美國、澳洲、加拿大日本和幾個歐洲國家。 Therefore the PBOC announced in December 2003 that foreign banks were permitted to conduct domestic currency business with Chinese companies and the working capital requirements for foreign banks were reduced. Read the rest of “China’s Banking Industry Part II” or post a comment

By Klaus Koehler

When the China Industrial and Commercial Bank (ICBC) opened for public trading at the stock exchange end of October, the bank raised a total of USD 19.1 billion to start with, achieving the largest initial public offering ever. ICBC is now the top listed bank in Asia and the fifth biggest in the world.

Despite the enthusiasm created by ICBC’s listing, and the fact that international advisors such as Morgan Stanley are planning to add ICBC to its standard index soon, some analysts are still concerned about the basics and fundamentals of China’s banking industry. Over a long period, loans were approved by politically motivated reasons rather than economic decisions, and on several occasions, banks previously had to be “bailed out” by the government.

History of the Banking Industry in China

In the earlier years of the People’s Republic nationalization, the consolidation of the country’s banks received the highest priority. Therefore the banking industry was the first sector to be socialized. In order to maintain a firm control over all financial services, including credit and money supply, the banking system was centralized under the Ministry of Finance.
Read the rest of “China’s Banking Industry” or post a comment

Talent&Pro is a young and flexible Operational Consultancy agency that focuses on banks and insurance companies. It is an agency that, apart from providing high-quality services towards clients, is strong regarding the personal development and career opportunities of its own employees as well. Those employed at Talent&Pro are offered a two-year contract, with a one-off extension to five years, during which they receive all the space to prepare and shape their plans for the future. Basically just like Marco Hoekstra did it. With many years’ experience in banking and finance, he started out at Talent&Pro as operational manager in the Netherlands 7 years ago. Currently, with over 400 employees, Marco is focusing his attention on Talent&Pro China.

A born developer, Marco has great interest in fast economic development. After the Netherlands, Germany and the UK were conquered, it was the right moment to realize a new Talent&Pro branch in the Far East. “A place where the market is developing at top speed, where the hectic pace of the improving economy requires new strategies all the time, and where young, highly qualified individuals have a passion for internationalization…” Shanghai, China. Read the rest of “Plenty of Space in Shanghai” or post a comment