By V. Cousin
China's banking method has a principal position to play within the improvement of the rustic. This quantity bargains a close research of the chinese language banking area, of its demanding situations, and the explanations for its current shape, in addition to the consequences for reform. Volaine Cousin's discusses extensive the kinds of financial institution working in China and analyzes the industry's severe concerns comparable to monetary intermediation, capital, and credits hazard administration, company governance, and analyzes the demanding situations forward on the subject of retail banking, Basel II and the WTO club.
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Extra info for Banking in China (Palgrave Macmillan Studies in Banking and Financial Institutions)
For trust companies, securities firms, commercial banking stays well off-limits. Services are cross-sold through strategic partnerships. At the beginning of 2006, regulations permitting the establishment of financial holdings (to consolidate a wide range of financial services) had not yet been finalised. Dissolution of commercial banks requires the approval of PBOC. The Law of Banking Supervision and Administration (References for laws 2) is important because it clarifies the legislation for banks, defines the role and position of supervisors, outlines the responsibilities of regulators, defines regulatory measures and instruments and finally supports international cooperation (Liu X.
The definition of responsibilities has yet to be drawn clearly. The second issue is that CBRC still lacks the human and financial resources6 as well as sufficient knowledge and experience in bank supervision to fully enforce the new regulations, especially those concerning risk management. While new regulations give the CBRC the power and means to enforce new standards and to introduce new practices in Chinese banks, the real power gained by CBRC will depend on how its professionalism is perceived by the market.
26 branches, 205 staff, 30 credit analysts, up to now 24 ratings for bonds issued and 27 ratings for transferable securities Market leader in ratings for corporate bonds, rating of corporates and financial institutions, also active in building credit registries, credit ratings and credit research, 50% market share in 2004 for corporate bond issues, 33% in 2004 for transferable corporate shares. Golden 2001 in Credit Rating Beijing International Inc. a. 11 expert staff Several types of ratings and consumer credit data services as well as corporate ratings and FIs ratings.