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Book Cover
E-book
Author Lu, Qing, Dr.

Title Long-term commitment, trust and the rise of foreign banking in China / Qing Lu
Published Oxford : Chandos, 2007
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Description 1 online resource (xvi, 268 pages) : illustrations, 1 map
Series Chandos Asian studies series
Chandos Asian studies series.
Contents Cover; Long-Term Commitment, Trust and the Rise of Foreign Banking in China; Copyright; Contents; List of figures and tables; About the author; Preface; 1 Introduction; Hypothesis; Conceptual background: defining trust; Outline of the study; Notes; 2 China's banking system and the central government's regulation of foreign banks; Introduction; The development and role of China's banking sector; Effects of central government control on specialised banks; Effects of central government control on the supervision system; Central government reform policy and effects
Building trust: further reducing information asymmetry 1956-1965Chinese government support after 1965; Conclusion; Notes; 8 Conclusion; Notes; Appendix A: Interview record; Questionnaire 1; Questionnaire 2; Questionnaire 3; Questionnaire 4; Appendix B: Summary statistics; Appendix C: Model I estimation results with Poisson model; Bibliography; References in English; References in Chinese; Index
Central government policy towards foreign banksReasons for central government's distrust of foreign banks; Summary; Notes; 3 Factors influencing the growth of foreign banks' branches; Introduction; Factors influencing the allocation of banking licences; Modelling the government's allocation decision; The empirical results; Conclusions; Notes; 4 Central government control over foreign banks' customers in China; Introduction; Central government control over FDI; Summary; Notes; 5 The development of foreign banks' customers in China; Introduction; The characteristics of FDI from Hong Kong
The characteristics of Japanese FDIThe characteristics of US FDI; The characteristics of FDI from Europe; Summary; Notes; 6 Development of foreign banks in China; Introduction; The development of foreign banks by 1992; WTO accession and the development strategy of foreign banks after 1992; The distribution of foreign banks; Government trust and the development of foreign banks; Summary; Notes; 7 Case study: How did HSBC build trust with the Chinese government?; Introduction; Negotiation between HSBC and the Chinese government; Trust building: reducing information asymmetry 1952-1955
Summary 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 ChinaFew 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 governmentThe first book showing how some big foreign banks in China, such as HSBC, built relationship with the Chinese government
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Banks and banking, Foreign -- Government policy -- China.
Form Electronic book
ISBN 1780632304 (electronic bk.)
9781780632308 (electronic bk.)