Long-Term Commitment, Trust and the Rise of Foreign Banking in China ( Chandos Asian Studies Series )

Publication series ：Chandos Asian Studies Series

Author： Lu Qing

Publisher： Elsevier Science‎

Publication year： 2007

E-ISBN: 9781780632308

P-ISBN(Paperback): 9781843343219

P-ISBN(Hardback): 9781843343219

Subject： D922.28 金融法;D922.291.92 破产法;D996.2 International Law of Finance;F0 Economics

Keyword：经济学

Language： ENG

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Description

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 rela

Chapter

Cover

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

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

Central government policy towards foreign banks

Reasons 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 FDI

The 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

Building trust: further reducing information asymmetry 1956–1965

Chinese 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

Cover

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

Contents

List of figures and tables

About the author

Preface

1 Introduction

2 China’s banking system and the central government’s regulation of foreign banks

3 Factors influencing the growth of foreign banks’ branches

4 Central government control over foreign banks’ customers in China

5 The development of foreign banks’ customers in China

6 Development of foreign banks in China

7 Case study: How did HSBC build trust with the Chinese government?

8 Conclusion

Appendix A: Interview record

Appendix B: Summary statistics

Appendix C: Model I estimation results with Poisson model

Bibliography

Index

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