Internationalising China's Financial Markets Internationalizing China's Financial Markets

Assesses the stability of the Chinese economy and the nature of its economic governance. Svenja Schlichting examines how internationalization has impacted on financial market development in China and how far this has contributed to the development of new institutions within China. How has internationalisation influenced the emergence and growth of China's financial markets? Looking at market opening, entry of new actors in the banking and securities markets and altered actor constellations, this book explains not only the current position of foreign financial firms in China, but also some determinants of the newly emerging regulatory regime they operate in as well as reasons for the emergence of new types of domestic financial institutions. Providing the first thorough analysis of the market opening and the relation between domestic and international processes in the financial markets, the book thus helps to understand their unique actor constellation still dominated by state-owned domestic commercial actors and strong regulatory bodies. From the perspective of foreign businesses, the book contributes to de-mystifying the image of 'the large Chinese market waiting for aggressive foreign penetration' and explains some of the driving forces for market opening -- most of them far beyond the reach of individual (foreign) firms How Has Internationalisation Influenced The Emergence And Growth Of China's Financial Markets? Looking At Market Opening, Entry Of New Actors In The Banking And Securities Markets And Altered Actor Constellations, This Book Explains Not Only The Current Position Of Foreign Financial Firms In China, But Also Some Determinants Of The Newly Emerging Regulatory Regime They Operate In As Well As Reasons For The Emergence Of New Types Of Domestic Financial Institutions. Providing The First Thorough Analysis Of The Market Opening And The Relation Between Domestic And International Processes In The Financial Markets, The Book Thus Helps To Understand Their Unique Actor Constellation Still Dominated By State-owned Domestic Commercial Actors And Strong Regulatory Bodies. From The Perspective Of Foreign Businesses, The Book Contributes To De-mystifying The Image Of 3the Large Chinese Market Waiting For Aggressive Foreign Penetration4 And Explains Some Of The Driving Forces For Market Opening - Most Of Them Far Beyond The Reach Of Individual (foreign) Firms. Part I: Explaining Financial Market Internationalisation In China -- Financial Market Internationalisation And Institutional Change In China -- Actors And Interests In China's Financial Market Internationalisation -- Part Ii: International Actors In China's Financial Markets -- Foreign Banks And The Market For Commercial Banking Services -- Foreign Firms And The Market For Securities -- Foreign Firms Lobbying For Liberalisation -- Part Iii: Domestic Actors In An Internationalising Context -- Internationalising The Regulators -- Domestic Firms Undergoing Internationalisation -- Part Iv: Conclusions -- Financial Market Internationalisation And Institutional Change -- Chinese Laws And Regulations. Svenja Schlichting. Includes Bibliographical References And Index. Master And Use Copy. Digital Master Created According To Benchmark For Faithful Digital Reproductions Of Monographs And Serials, Version 1. Digital Library Federation, December 2002. Http://purl.oclc.org/dlf/benchrepro0212 Miaahdl Front Matter....Pages i-xiii Introduction....Pages 1-6 Front Matter....Pages 7-7 Financial Market Internationalisation and Institutional Change in China....Pages 9-28 Actors and Interests in China’s Financial Market Internationalisation....Pages 29-48 Front Matter....Pages 49-49 Foreign Banks and the Market for Commercial Banking Services....Pages 51-77 Foreign Firms and the Market for Securities....Pages 78-108 Foreign Firms Lobbying for Liberalisation....Pages 109-135 Front Matter....Pages 137-137 Internationalising the Regulators....Pages 139-175 Domestic Firms Undergoing Internationalisation....Pages 176-203 Front Matter....Pages 205-205 Financial Market Internationalisation and Institutional Change....Pages 207-223 Back Matter....Pages 224-280