By Yuanyuan Peng
This e-book offers distinct systematic micro-level research of the old improvement of the chinese language banking undefined, focusing particularly at the improvement of the financial institution of China (BOC) within the interval 1905 to 1949.
Banking reform is a key zone of ChinaвЂ™s fiscal transformation, and this booklet, bringing an unlimited volume of fabric to a Western viewers for the 1st time, presents a close facts of the foremost demanding situations confronted via an immense chinese language financial institution. The book:
- addresses vital matters in its evolution, together with company governance executive intervention, international pageant and white-collar crime
- evaluates how the demanding situations in those components have been met
- considers the result of its efforts
- draws classes for coverage making at the present time.
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Additional info for The Chinese Banking Industry: Lessons from History for Today's Challenges
For merely resuming the Dianshanhu Villa project, another RMB100 million was granted in loans, none of which had any collateral. Qian Yongwei did not use one cent on the Dianshanhu project. For the time being, the Dianshanhu Villa project remains a notorious episode. In short, Liu Jinbao and his associates granted irregular loans to Wantai, while bank managers accepted bribes, kickbacks and other intangible beneﬁts from the borrower. Supervision of branches: the case of the BOC Kaiping sub-branch All Chinese state banks have a similar organizational set-up: a head oﬃce and various levels of branches.
In 2002, the net proﬁt of Citigroup was almost ten times that of BOC, which was the most proﬁtable bank among the Big Four. If the factor of employees was considered, the proﬁts per capita in China’s state banks was negligible compared with the global giants. 17 Source: Xu Xiaonian 2004: 3. respectively; in sharp contrast, Citigroup and HSBC had proﬁts per employees of US$61,104 and US$33,833 respectively. Everybody knows that Chinese state banks maintain a huge number of employees. Even recently, after corporate restructuring, BOC discovered 70,000–80,000 surplus employees.
The director of the statistics department of the CBRC spoke out frankly, ‘The commercial banks use the loan reorganization, roll over old loans to delay the appearance of bad loans and reach the target of reduced NPLs for the current period . ). Wu Jinglian (2004), a well-known Chinese economist, points out that, banks have greatly increased their total amount of loans, which increases the denominator of NPLs, so that the NPLs’ ratio has declined without truly improving asset quality. He continues to caution that even for the newly issued loans, with the background of over-heated investment since 2003, it is hard to say how many of them will become NPLs in the future.
The Chinese Banking Industry: Lessons from History for Today's Challenges by Yuanyuan Peng