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Banking in China: Challenges


# 91469
Banking in China: Challenges
Shows that the deregulation of banking in China is expected to be the most notable development in China's financial-services market since its WTO accession.
2,008 words (approx. 8 pages) | 16 sources | APA | 2007 Philippines


Paper Summary:

The Chinese banking industry is one that will be difficult to defer from because of its sheer potential. The paper shows, however, that companies must learn that to be able to do business in China, there is a greater need for flexibility. The paper argues that it is likely that new banks will encounter the same scenarios that other industries had to deal with: government regulation, slow market response and intense competition. The paper includes tables and graphs.

Paper Outline:
Background
Methodology
Acquisition of Research and Skills for the Study
Outcomes and Value
References

From the Paper:

"The opening up of the banking industry in China has been one of the most anticipated developments in the global market. The sheer size of the Chinese market remains to be the greatest attraction to most prospective new entrants. The excitement if reminiscent of China's earlier WTO accession agreement signed in 2001. However, Brian Schwarz (2006) cautions prospective bankers to learn from previous liberalizations in China. He says that the government will likely enforce similar financial regulatory measures particularly for the country's local currency deposits."

Sample of Sources Used:

  • Achhorner, Thomas, Chng, Johnson, Michaelis, Holger and Tang, Tjun (2006). Banking on China: Successful Strategies for Future Entrants. Boston, M. A.: Boston Consulting Group.
  • Bowers, Tab, Gibb, Greg and Wong Jeffrey (2003). Nudging Open China's Retail Banks. McKinsey Quarterly No. 4: 9-12.
  • Craig, Valentine V. (2006). China's Opening to the World: What Does It Mean for U.S. Banks? [Online]. FDIC Banking Review. Available from <http://www.fdic.gov/bank/analytical/banking/2005nov/article1.html> [Accessed 14 December 2006]
  • Johansson, Johny K. (2001). Global Marketing: Foreign Entry, Local Marketing and Global Marketing, International edition. Boston: McGraw-Hill Higher Education.
  • McKinsey Global Institute (2004). China and India: The Race to Growth [Online]. McKinsey Quarterly . Available from <http://www.mckinseyquarterly.com/article_page.aspx.> [Accessed 14 December 2006].

Cite this paper

APA Citation:

Banking in China: Challenges (2012, January 15). Retrieved February 13, 2012, from http://www.academon.com/Research-Paper-Banking-in-China-Challenges/91469

MLA Citation:

"Banking in China: Challenges" 15 January 2012. Web. 13 Feb. 2012. <http://www.academon.com/Research-Paper-Banking-in-China-Challenges/91469>




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WORK EXPERIENCE REGIONAL AREA MANAGER - PLAINS & PRINTS STORES, INC. (July 2005 - June present) In charge of regional store operations, creation of strategies and operational initiatives to achieve sales goals, manpower development, market positioning and product development. Supports the operations of Space and She. CREATIVE OPERATIONS OFFICER - GALAXY ISP, INC. (October 2004-February 2005) Strategize and implement start up product planning, product rollout, and product partnerships for information communications-technology (ICT) and computer-telephony-integration (CTI) systems, and aggressively market these systems to all applicable consumer and corporate segments. Facilitated company's human resources, marketing, administrative support and corporate planning programs. TRAINEE - DEPARTMENT OF TOURISM (WOW PHILIPPINES PROGRAM) (January 2004-March 2004) Helped in the establishment of communication and support channels to aid partner companies of the program to realize department goals and initiatives through development of evaluation models and competitive travel packages. EDUCATION DE LA SALLE UNIVERSITY Bachelor of Science in Commerce major in Marketing Management, Dean's Lister. June 2004 UNIVERSITY OF THE PHILIPPINES Undergraduate-Bachelor of Science in Business Administration, Dean's Lister - Undergraduate (1998-2000) MANILA SCIENCE HIGH SCHOOL High School Diploma, March 1998
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