由坦率的Mulligan

根據 金融時報, 當我們決定是製作者、實行家和幫手，我們全部選擇了錯誤事業。 大金錢在運動的金錢，并且最佳的薪金成交在中國現在被給交易者。

地方中國和國際金融服務公司受益於市場的最近開頭。 外國公司到達了在一一味尋歡作樂，当現金的巨大的容量攪動在不報答的銀行帳戶或者說謊在床墊下。 它是供給和需求完善的會議。

競爭為技能需要處理投資的巨大的容量導致快速的上升的薪金，并且許多公司被強制在金融服務產業之外到達得到技能。 這幾乎不驚奇 讀其餘「技能競爭在中國財務」或張貼評論

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。 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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