1.

Record Nr.

UNINA9910811448603321

Autore

Leigh Lamin

Titolo

The rise of foreign investment in China's banks : taking stock / / prepared by Lamin Leigh and Richard Podpiera

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, 2006

ISBN

1-4623-4373-2

1-4527-2188-2

1-283-51239-4

1-4519-1005-3

9786613824844

Edizione

[1st ed.]

Descrizione fisica

1 online resource (16 p.)

Collana

IMF working paper ; ; WP/06/292

Altri autori (Persone)

PodpieraRichard

Soggetti

Banks and banking - China

Investments - China

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"December 2006."

At head of title: Asia and Pacific Department.

Nota di bibliografia

Includes bibliographical references (p. 14).

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. FOREIGN BANKS IN CHINA""; ""III. LESSONS FROM INTERNATIONAL EXPERIENCE""; ""IV. CONCLUSIONS""; ""References""

Sommario/riassunto

The recent wave of foreign investment in China's banks and the prospects of further opening of the banking sector under the WTO agreement suggest that foreign banks are likely to play an increasingly important role in China. This paper takes stock of the involvement of foreign banks in the Chinese banking sector in the perspective of international experience. While in most other countries foreign bank entry took the form of direct takeover or majority shareholding, foreign investments in China's banks have been minority shareholdings with very limited management involvement. The paper concludes that China appears to be well positioned to benefit from further opening of the banking sector to foreign investors. International experience suggests that greater competition from and participation of foreign banks can in general bring important benefits if appropriate incentives and sufficient opportunities are created.