Por Mulligan Frank

De acordo com Épocas financeiras, nós todos escolhemos a carreira errada quando nós nos decidimos ser fabricantes, doers e ajudantes. O dinheiro grande está no dinheiro móvel ao redor, e os mais melhores negócios do salário em China estão sendo dados aos fabricantes do negócio para a direita agora.

As companhias de serviços financeiros chinesas e internacionais locais beneficiaram-se da abertura recente do mercado. As companhias extrangeiras chegaram em uma estadia boa, com os volumes enormes do dinheiro que chapinham ao redor em clientes de banco unrewarding, ou encontrando-se sob mattresses. É a reunião perfeita da fonte e da demanda.

A competição para as habilidades necessitadas controlar volumes enormes do investimento resultou em salários levantando-se rápidos, e muitas companhias foram forçadas a alcançar fora das indústrias de serviços financeiros para começar as habilidades. Isto está surpreendendo mal Leia o descanso das “da competição habilidades em finanças de China” ou afixe um comentário

Acordos e reformas após ter juntado o WTO

Quando China juntou o WTO, a organização exijiu China comply com as obrigações especiais a respeito do negócio do banco no país. China teve que concordar abrir completamente seu setor do banco aos bancos extrangeiros dentro de cinco anos após ter juntado o WTO 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.
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