The Chinese Banking Industry: Lessons from history for today's challenges (Routledge Studies on the Chinese Economy )

This book provides detailed systematic micro-level analysis of the historical development of the Chinese banking industry, focusing in particular on the development of the Bank of China (BOC) in the period 1905 to 1949. Banking reform is a key area of ChinaвЂTMs economic transformation, and this book, bringing a vast amount of material to a Western audience for the first time, provides a detailed evidence of the key challenges faced by a major Chinese bank. The book: * addresses important issues in its evolution, including corporate governance government intervention, foreign competition and white-collar crime * evaluates how the challenges in these areas were met * considers the results of its efforts * draws lessons for policy making today. Banking Reform Is A Prerequisite For Continued High Economic Growth In China And Is A Crucial Element Of China's Overall Economic Reforms. Chinese Banks, Especially State Banks Face A Wide Ranging Series Of Challenges That Not Only Imperil The Health Of The Banking System, But Also Endanger The Stability Of The Whole Economy. This Book Argues That Because Banking Problems In China Are Sensitive, Involving Top Political Authorities And Even Government Leaders, It Is Not Possible To Collect All The Necessary Information, Let Alone Make It Public, And That Therefore A Good Way Of Analysing Present Day Challenges Is To Consider How Similar Challenges Arose And Were Dealt With In The Past. The Book Provides Detailed Systematic Analysis Of The Historical Development Of The Chinese Banking Industry, Focusing In Particular On The Development Of The Bank Of China (boc) In The Period 1905 To 1949.--book Jacket. Introduction -- The Challenges Facing China's State Banks Today -- Corporate Governance -- Government Intervention -- Foreign Competition -- White-collar Crimes -- Conclusion. Yuanyuan Peng. Includes Bibliographical References (p. [177]-192) And Index. "Banking reform is a prerequisite for continued high economic growth in China and is a crucial element of China's overall economic reforms. Chinese banks, especially state banks face a wide ranging series of challenges that not only imperil the health of the banking system, but also endanger the stability of the whole economy. This book argues that because banking problems in China are sensitive, involving top political authorities and even government leaders, it is not possible to collect all the necessary information, let alone make it public, and that therefore a good way of analysing present day challenges is to consider how similar challenges arose and were dealt with in the past. The book provides detailed systematic analysis of the historical development of the Chinese banking industry, focusing in particular on the development of the Bank of China (BOC) in the period 1905 to 1949."--Résumé de l'éditeur

This book provides detailed systematic micro-level analysis of the historical development of the Chinese banking industry, focusing in particular on the development of the Bank of China (BOC) in the period 1905 to 1949.

Banking reform is a key area of China’s economic transformation, and this book, bringing a vast amount of material to a Western audience for the first time, provides a detailed evidence of the key challenges faced by a major Chinese bank. The book:

• addresses important issues in its evolution, including corporate governance government intervention, foreign competition and white-collar crime


• evaluates how the challenges in these areas were met


• considers the results of its efforts


• draws lessons for policy making today.

Book Cover......Page 1 Title......Page 6 Copyright......Page 7 Dedication......Page 8 Contents......Page 10 Illustrations......Page 11 Acknowledgements......Page 12 Note on Chinese names and currency......Page 14 Note on the English translation of some pre-1949 newspapers and magazines......Page 15 Abbreviations......Page 16 1 Introduction......Page 18 2 The challenges facing China’s state banks today......Page 24 3 Corporate governance......Page 56 4 Government intervention......Page 81 5 Foreign competition......Page 111 6 White-collar crimes......Page 144 7 Conclusion......Page 169 Notes......Page 193 Bibliography......Page 194 Index......Page 210