Par Frank Mulligan

Selon Périodes financières, nous tous avons choisi la carrière fausse quand nous avons décidé d'être des fabricants, des faiseurs et des aides. Le grand argent est en argent en mouvement autour, et les meilleures affaires de salaire en Chine sont données aux fabricants d'affaire en ce moment.

Les compagnies chinoises et internationales locales de services financiers ont tiré bénéfice de l'ouverture récente du marché. Les compagnies étrangères sont arrivées à un bon temps, avec les volumes énormes d'argent comptant trempant autour dans des comptes bancaires infructueux, ou se trouvant sous des matelas. C'est la réunion parfaite de l'offre et la demande.

La concurrence pour les qualifications requises pour contrôler les volumes énormes de l'investissement a eu comme conséquence des salaires de montée rapides, et beaucoup de compagnies ont été forcées d'atteindre en dehors des industries de services financiers pour obtenir les qualifications. Ceci étonne à peine Lisez le reste de « concurrence de qualifications dans des finances de la Chine » ou signalez un commentaire

Accords et réformes après avoir joint l'OMC

Quand la Chine a adhéré à l'OMC, l'organisation a exigé la Chine pour être conforme aux engagements spéciaux au sujet des affaires de banque dans le pays. La Chine a dû accepter d'ouvrir leur secteur de banque complètement aux banques étrangères dans un délai de cinq ans après avoir joint l'OMC de 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…

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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