Note on Financial Services in the People's Republic of China
商品編號：9A97G014
出版日期：1997/11/12
再版日期：1999/03/09
商品來源：Ivey
商品主題：General Management/Strategy; International Business
商品類型：Note
涵蓋議題：Strategic Change;Environmental Change;Government and Business;Financial Institutions
難易度：4 - Undergraduate/MBA
內容長度：30 頁
地域：China
產業：Banking
事件年度：1997
This note examines the Chinese government's reforms of the financial services sector as of 1997. Regulation of state-owned enterprises (SOE) was being altered so as to make the SOEs financially accountable, and this involved the reduction of subsidies that had been offered in the form of cheap loans from state banks. China wished to join the World Trade Organization, but this would require removal of restrictions on foreign financial institutions, as well as other liberalization measures. China's banking system consisted of several distinct types of banks with differences in purposes and regulatory provisions. In particular, three new policy banks had been established to bear responsibility for low interest loans, allowing the other state-owned banks to achieve commercial viability. Meanwhile, foreign-owned banks were quickly extending their activities, and new types of financial services, such as cash cards and electronic banking, offered new opportunities. The insurance market involved many unique challenges, as did the evaluation of financial risk. The necessary changes in the financial service sector would be immense, and each bank would have to develop a strategy geared to its anticipation concerning the likely path and time profile of these changes.
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