Door Frank Mulligan

Volgens De Financial Times, wij allen kozen de verkeerde carrière toen wij makers, doers en helpers beslisten te zijn. Het grote geld is in het bewegen van geld rond, en de beste salarisovereenkomsten in China worden op dit ogenblik gegeven aan overeenkomstenmakers.

De lokale Chinese en internationale financiële de dienstenbedrijven hebben van het recente openen van de markt geprofiteerd. De buitenlandse bedrijven zijn bij een goede tijd, met reusachtige volumes van contant geldgeplas rond in het unrewarding van bankrekeningen, of het liggen onder matrassen aangekomen. Het is de perfecte vergadering van levering en de vraag.

De concurrentie voor de vaardigheden nodig om reusachtige volumes van investering te beheren heeft in snelle het toenemen salarissen geresulteerd, en vele bedrijven zijn gedwongen buiten de financiële de dienstenindustrieën bereiken om de vaardigheden te krijgen. Dit is nauwelijks verrassend Lees de rest van de „Concurrentie van Vaardigheden in de Financiën van China“ of post een commentaar

Overeenkomsten en Hervormingen na het Lid worden van van WTO

Toen China van WTO lid werd, eiste de organisatie China om speciale verplichtingen betreffende de bankzaken in het land na te leven. China moest overeenkomen om hun banksector voor buitenlandse banken binnen vijf jaar volledig te openen na het lid worden van van WTO vanaf 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.
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