scholarly journals An Indexation System for Assessing Emerging Chinese Bank Competitiveness: The Case of Huaxia Bank

2015 ◽  
Vol 65 (s2) ◽  
pp. 55-69
Author(s):  
Long Zhang ◽  
Steven Shwiff ◽  
Qun Xu
Keyword(s):  
Asset Management ◽  
Natural World ◽  
Foreign Bank ◽  
Foreign Banks ◽  
Primary Concern ◽  
Doing Business ◽  
Bank Managers ◽  
Chinese Banks ◽  
Business In China ◽  
Bank Executives

A 2010 banking survey of 42 foreign bank executives by Price Waterhouse Coopers ranked competition from “domestic” Chinese banks as their primary concern. This outranked the “regulatory environment” which had been number one for the previous two years. Several reasons were cited by foreign bank managers but three stand out: (1) declining market share for foreign banks due to reduced number of multinationals doing business in China, (2) foreign banks reluctance to lend locally due to the global economic slowdown, (3) the aggressive lending strategies of Chinese banks. This paper focuses on the new reality of contemporary Chinese banking practice. We believe Chinese banks are learning and adapting. They are gaining expertise in a wide array of bank operations such as asset management, branching, securities, leasing and many more. To better understand the nature and context of growing Chinese bank competitiveness, we introduce and apply the concept financial “econiche”. Financial econiche refers to the learning and adapting that takes place in a specific financial “ecological” surrounding with attention paid to the macroeconomic need for harmonious development. Econiche theory borrows heavily from similar ideas in the natural world. We construct an evaluation indexation system based on the econiche theory, and use Huaxia bank as a case study.

The Effects of Foreign Bank Entry on the Productivity of Chinese Banks

2017 ◽  
Vol 35 (3) ◽  
pp. 23-42
Author(s):  
Ran Cheng ◽  
Chao Wu ◽  
Keun-Yeob Oh
Keyword(s):  
Foreign Bank ◽  
Foreign Bank Entry ◽  
Chinese Banks ◽  
Bank Entry

Foreign Banks in the Crisis

2017 ◽  
Author(s):  
Rachel A. Epstein
Keyword(s):  
Financial Crisis ◽  
Central Europe ◽  
Bank Lending ◽  
Foreign Ownership ◽  
Foreign Bank ◽  
Foreign Banks ◽  
Market Model ◽  
Unexpected Finding ◽  
East Central Europe ◽  
East Central

One reason governments have protected their banks from foreign ownership is that they feared foreign-owned banks would “cut and run”—i.e. abandon their host markets—in a financial crisis. An unexpected finding of this chapter, however, is that while foreign banks’ commitments to host markets have indeed been fleeting in crises, those commitments were weakest when the relationship between foreign banks and host markets was not characterized by ownership. Thus it was foreign ownership through a “second home market” model and bank subsidiaries during the acute phase of the US financial crisis (2008–9) that saved East Central Europe from economic catastrophe. In Western Europe, meanwhile, where foreign bank ownership levels were low but cross-border lending was significant, bank lending retreated behind national borders. This chapter also rejects the argument that the Vienna Initiative, a voluntary bank rollover agreement, compelled foreign-owned banks to maintain their exposures in East Central Europe.

China issues new cybersecurity review measures

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lester Ross ◽  
Kenneth Zhou
Keyword(s):  
National Security ◽  
Strategic Alliances ◽  
Chinese Government ◽  
Self Assessment ◽  
Extensive Experience ◽  
Content Type ◽  
Foreign Companies ◽  
Foreign Products ◽  
Doing Business ◽  
Business In China

Purpose To describe and analyze the implications of the new Measures (the “Measures”) for Cybersecurity Review jointly promulgated on April 27, 2020 by twelve Chinese government departments led by the Cyberspace Administration of China (CAC). Design/methodology/approach Defines the scope of the Measures, explains the functions and obligations of critical information infrastructure operators (each, a CIIO), outlines the self-assessment and cybersecurity review process and discusses the implications of the Measures for foreign companies doing business in China. Findings The Measures impose an obligation on CII operators to apply for a cybersecurity review when they intend to procure network products and services that present or may present a national security concern. Such review will focus not only on national security and data leakage concerns, but also on supply-chain security concerns. The cybersecurity review will likely further the decoupling between China and the US. Practical implications While the Measures are not formally intended to discriminate against foreign products and services, the promulgation of the Measures will have a significant impact on foreign companies that supply network products or services to CII operators in China. Originality/value Practical guidance from lawyers with extensive experience in advising Chinese, US, European and other companies on laws and regulations related to competition, cross-border investments, joint ventures, strategic alliances and international trade matters.

scholarly journals Environmental Risks: Doing Business In China

2011 ◽  
Vol 7 (1) ◽  
Author(s):  
Jack Ethridge ◽  
Treba Marsh ◽  
Esther Bunn
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Risk Process ◽  
Business Environment ◽  
Environmental Risks ◽  
Internal Factors ◽  
Audit Risk ◽  
Factors Affecting ◽  
Doing Business ◽  
Business In China

Planning and conducting the audit of financial statements involves understanding the entity and the environment in which it operates.  First and foremost this requires identifying the risks faced by the entity.  Identifying these risks can be a complex and difficult task since the auditor needs to not only understand the entity’s risk process but also independently understand the risks facing the firm.  Tackling this task will involve a comprehensive review of the external and internal factors affecting the business.  It is possible many identified business risks are related to financial reporting risk and ultimately to audit risk.  Therefore, the auditor must understand the linkage between risks, controls and the audit.  The objective of this paper is to examine the risks faced by U.S. companies conducting business in China.  This paper attempts to identify a wide array of risks faced by U.S. companies to demonstrate how important it is for the company and the auditor to understand the business environment.

scholarly journals Doing business in China and performance: a review of evidence

2010 ◽  
Vol 4 (1) ◽  
pp. 37-56 ◽  
Author(s):  
Diego Quer ◽  
Enrique Claver ◽  
Laura Rienda
Keyword(s):  
Doing Business ◽  
Business In China ◽  
And Performance

Chinese Antitrust Exceptionalism

2021 ◽  
Author(s):  
Angela Huyue Zhang
Keyword(s):  
Multinational Companies ◽  
Institutional Factors ◽  
Economic Order ◽  
Market Failures ◽  
Cautionary Tale ◽  
Doing Business ◽  
Foreign Countries ◽  
Business In China ◽  
Antitrust Regulation ◽  
Western Democracies

This book explores the clash between antitrust, a body of law originally designed to address market failures in western democracies, and China, an economic superpower under authoritarian control. It analyses two simultaneous sources of conflict. The first is the significant challenges Chinese antitrust regulation poses to foreign multinational companies doing business in China. The second is the tremendous difficulties Chinese firms face in complying with antitrust rules in foreign countries. Ultimately, the book offers a cautionary tale of the challenges globalization poses to law and economic order by showing that the conflicts observed today are deeply rooted in institutional factors, both political and economic.

scholarly journals Power and Crisis: Explaining Varieties of Commercial Banking Systems in Argentina, Brazil and Mexico

2017 ◽  
Vol 9 (1) ◽  
pp. 3-31 ◽  
Author(s):  
Sebastián Etchemendy ◽  
Ignacio Puente
Keyword(s):  
Exchange Rates ◽  
Trade Agreements ◽  
Commercial Banking ◽  
Foreign Bank ◽  
Foreign Banks ◽  
Regional Trade ◽  
Banking Systems ◽  
Government Ideology ◽  
Floating Exchange Rates ◽  
Financial Groups

In the early 1980s Argentina, Brazil, and Mexico had commercial banking sectors that were dominated by local banks. The largest countries in Latin America were subjected to common international economic pressures during both the neoliberal 1980s and 1990s – including the expansion of capital markets in the periphery and integration into the regional trade agreements NAFTA and Mercosur – and the post-1998 financial turmoil. By 2015, however, the three countries had consolidated alternative commercial banking systems: domestic private group dominated (Brazil), mixed (i.e., ownership more evenly divided among public, private domestic, and foreign banks (Argentina), and foreign bank dominated (Mexico). The article traces these alternative outcomes to the power of prereform private financial groups, the virulence of “twin crises” in the transition from fixed to floating exchange rates, and the (contingent) role played by government ideology.

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