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Long-Term Commitment, Trust and the Rise of Foreign Banking in China : Chandos Asian Studies Series - Dr. Qing Lu

Long-Term Commitment, Trust and the Rise of Foreign Banking in China

Chandos Asian Studies Series

Hardcover Published: 14th August 2007
ISBN: 9781843343219
Number Of Pages: 284

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The rapid growth of foreign banks has aroused a growing interest in the academic field and specifically as regards to the question of why foreign banks exist. This book aims to establish the relationship between trust as contextual knowledge capital built between the Chinese government and foreign banks and foreign banks. knowledge capital and the relationship between the former and foreign banks. long-term commitment. By investigating the development strategy of foreign banks and by examining and explaining the importance of foreign banks. long-term commitment to their development, this book has demonstrated that foreign banks established branches in China not only to follow their home-country customers in order to retain their knowledge capital but also to gain market access. Trust as contextual knowledge capital built between foreign banks and the Chinese government could assist their knowledge capital retention and their market access strategy. Foreign banks. long-term commitment could help them to achieve this contextual knowledge capital. This book thus has major implications for the development strategy of foreign banks in a government-oriented economy with a controlled banking sector.

  • The first book covering the relationship between the governments trust and support and the rise of foreign banks in China
  • Few studies have analysed the development of foreign banks from the standpoint of government, i.e. the supply side of the banking licence, and the relationship between the development of foreign banks and the trust built between foreign banks and the government
  • The first book showing how some big foreign banks in China, such as HSBC, built relationship with the Chinese government

Introductionp. 1
Hypothesisp. 6
Conceptual background: defining trustp. 14
Outline of the studyp. 20
Notesp. 23
China's banking system and the central government's regulation of foreign banksp. 31
Introductionp. 31
The development and role of China's banking sectorp. 32
Effects of central government control on specialised banksp. 40
Effects of central government control on the supervision systemp. 42
Central government reform policy and effectsp. 44
Central government policy towards foreign banksp. 49
Reasons for central government's distrust of foreign banksp. 52
Summaryp. 63
Notesp. 63
Factors influencing the growth of foreign banks' branchesp. 71
Introductionp. 71
Factors influencing the allocation of banking licencesp. 73
Modelling the government's allocation decisionp. 76
The empirical resultsp. 82
Conclusionsp. 94
Notesp. 96
Central government control over foreign banks' customers in Chinap. 101
Introductionp. 101
Central government control over FDIp. 103
Summaryp. 114
Notesp. 115
The development of foreign banks' customers in Chinap. 123
Introductionp. 123
The characteristics of FDI from Hong Kongp. 125
The characteristics of Japanese FDIp. 129
The characteristics of US FDIp. 132
The characteristics of FDI from Europep. 134
Summaryp. 136
Notesp. 137
Development of foreign banks in Chinap. 141
Introductionp. 141
The development of foreign banks by 1992p. 145
WTO accession and the development strategy of foreign banks after 1992p. 147
The distribution of foreign banksp. 154
Government trust and the development of foreign banksp. 157
Summaryp. 163
Notesp. 164
Case study: How did HSBC build trust with the Chinese government?p. 169
Introductionp. 169
Negotiation between HSBC and the Chinese governmentp. 170
Trust building: reducing information asymmetry 1952-1955p. 178
Building trust: further reducing information asymmetry 1956-1965p. 188
Chinese government support after 1965p. 193
Conclusionp. 194
Notesp. 195
Conclusionp. 205
Notesp. 209
Interview recordp. 211
Summary statisticsp. 223
Model I estimation results with Poisson modelp. 229
Bibliographyp. 237
Indexp. 266
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9781843343219
ISBN-10: 1843343215
Series: Chandos Asian Studies Series
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 284
Published: 14th August 2007
Publisher: Woodhead Publishing Ltd
Country of Publication: GB
Dimensions (cm): 23.39 x 15.6  x 1.75
Weight (kg): 0.57