Por Mulligan franco

Según Épocas financieras, todos elegimos la carrera incorrecta cuando decidíamos ser fabricantes, doers y ayudantes. El dinero grande está en dinero de mudanza alrededor, y los mejores repartos del sueldo de China se están dando a los fabricantes del reparto ahora.

Las compañías de servicios financieros chinas e internacionales locales han beneficiado de la abertura reciente del mercado. Las compañías extranjeras han llegado un buen rato, con los volúmenes enormes de efectivo que chapoteaban alrededor en cuentas bancarias ingratas, o mintiendo debajo de los colchones. Es la reunión perfecta de la fuente y de la demanda.

La competición para las habilidades necesitó manejar volúmenes enormes de la inversión ha dado lugar a sueldos de levantamiento rápidos, y han forzado a muchas compañías alcanzar fuera de las industrias de servicios financieros para conseguir las habilidades. Esto está sorprendiendo apenas Lea el resto de “competición de las habilidades en las finanzas de China” o fije un comentario

Acuerdos y reformas después de ensamblar el WTO

Cuando China ensambló el WTO, la organización exigió China para conformarse con obligaciones especiales referentes al negocio del banco en el país. China tuvo que acordar abrir su sector del banco totalmente en los bancos extranjeros en el plazo de cinco años después de ensamblar el WTO a partir de 2001 - 2006. China convino específicamente, eso permitiría que los bancos extranjeros lograran negocio de la moneda extranjera sin ningún acceso del mercado o limitaciones nacionales del tratamiento, y dirigieran negocio de la moneda extranjera con las compañías extranjero-invertidas y los individuos extranjeros, conforme a ciertas restricciones geográficas. Two years after joining the WTO, foreign banks should have been able to conduct domestic currency business with Chinese companies subject to…

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By Klaus Koehler

Agreements and Reforms after Joining the WTO

When China joined the WTO, the organization demanded China to comply with special obligations concerning the bank business in the country. China had to agree to open their bank sector completely to foreign banks within five years after joining the WTO from 2001 - 2006. China specifically agreed, that it would allow foreign banks to accomplish foreign currency business without any market access or national treatment limitations, and to conduct foreign currency business with foreign-invested companies and foreign individuals, subject to certain geographic restrictions. Two years after joining the WTO, foreign banks should have been able to conduct domestic currency business with Chinese companies subject to special geographic limitations, and within five years China agreed to lift all geographic restrictions. China also agreed that foreign banks are allowed to provide financial leasing services at the same time as their Chinese counterparts.

However, China was slow in implementing the agreements. In 2002 the People’s Bank of China issued regulations governing foreign-funded banks along with rules to keep pace with the WTO commitments but the PBOC was extremely cautious in opening their bank sector. This situation made it difficult for foreign banks to enter the market and expand their presence. To give an example, the PBOC allowed foreign-funded banks only to open one branch every 12 months. Of course this resulted in pressure from countries such as the USA, Australia, Canada Japan and several European countries. 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

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…

Read the rest of “China’s Banking Industry” 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