By V. Cousin
Chinese language banks were making headlines lately, yet what lies underneath? Banking in China appears to be like diverse. What explains the present association? What will we anticipate from this type of banking sooner or later? This publication solutions those questions in a completely revised moment variation and contributes to a brand new realizing of chinese language banks.
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Extra info for Banking in China: Second Edition (Palgrave Macmillan Studies in Banking and Financial Institutions)
5 Each of the larger banks weight heavily on the banking system and also on the consideration of authorities for systemic risk (that is, ensuring financial stability and avoiding bank runs or bankruptcies). 8) indicates a highly competitive industry for the banks as a whole. However, it appears misleading as different banks are active in different markets – both regionally and in terms of financial offerings. Thus when comparing SOCBs and JSCBs which tend to be present in the same areas and all offer universal banking products – and finally they all face the same restrictions in their expansion – the Herfindahl Index shows a much higher concentration.
He foresees three challenges: establishing a social safety network, restructuring the industry structure in China and improving the quality of economic development. Finally, the PBOC is also working on improving the ability of the domestic finance industry to withstand systemic risk. , Dong Y. , 2010). In parallel with international developments, CBRC is focusing on all types of risks: from reputational to liquidity risks and concentration risks. To summarise, the Chinese banking system is characterised by the following:8 • It is highly concentrated, but remains competitive in most areas.
All efforts of the regulatory authorities have focused on these issues. 14 Banking in China Before the financial crisis the clear requirement for good regulation was laid down by western regulators and accepted more or less willingly by Chinese authorities. The financial crisis has changed that power balance. Without negating previous efforts or changing regulatory course, the authorities in China have been able to shed increased external pressure to realise their reform agenda which had previously been relegated to the background.