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Author : Mariko Watanabe
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)
Download or read book China's Non-performing Loan Problem written by Mariko Watanabe and published by . This book was released on 2000 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: SCOTT: From the John Holmes Library collection.
Author : Xiaojun Allan Wu
Publisher :
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.:/5 (518 download)
Download or read book An Examination of China's Non-performing Loan Issue written by Xiaojun Allan Wu and published by . This book was released on 2002 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael Martin
Publisher : CreateSpace
ISBN 13 : 9781481846400
Total Pages : 52 pages
Book Rating : 4.8/5 (464 download)
Download or read book China's Banking System: Issues for Congress written by Michael Martin and published by CreateSpace. This book was released on 2012-12-26 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's banking system has been gradually transformed from a centralized, government-owned and government-controlled provider of loans into an increasingly competitive market in which different types of banks, including several U.S. banks, strive to provide a variety of financial services. Only three banks in China remain fully government-owned; most banks have been transformed into mixed ownership entities in which the central or local government may or may not be a major equity holder in the bank.
Author : Jianbo Lou
Publisher : Springer
ISBN 13 :
Total Pages : 464 pages
Book Rating : 4.F/5 ( download)
Download or read book China's Troubled Bank Loans:Workout and Prevention written by Jianbo Lou and published by Springer. This book was released on 2001-10-03 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the significant and increasing problem of State bank non-performing loans (NPLs) in China, which have undermined the stability of the banking system and the efficient operation of markets. The accumulation of NPLs in China has been caused by the dominant role of State banks in China's financial markets, weak internal controls within State banks, policy loans to state owned enterprises, unnecessary administrative controls on banks' lending activities, and inappropriate banking regulation and supervision. The author draws on experiences at national, regional and international level to make recommendations for the development of better workout procedures for existing NPLs. He also examines the role of banking regulation and supervision in preventing accumulation of NPLs and in avoiding the impact of NPLs on the stability of the banking system and the conditions of market discipline.
Author : Qun Wan
Publisher :
ISBN 13 : 9781374670730
Total Pages : pages
Book Rating : 4.6/5 (77 download)
Download or read book A Legal Perspective on the Disposition of Non-Performing Loans and Bank Restructuring written by Qun Wan and published by . This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "A Legal Perspective on the Disposition of Non-performing Loans and Bank Restructuring: a Study of China's State-owned Commercial Banks" by Qun, Wan, 万群, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of thesis entitled A Legal Perspective on the Disposition of Non-performing Loans and Bank Restructuring: A Study of China's State-owned Commercial Banks Submitted by Wan Qun for the degree of Doctor of Philosophy at the University of Hong Kong in March 2006 Since the late 1970s, the People's Republic of China (China) has been involved in an on-going process of economic reform with the goal of transforming from a centrally planned economy to a socialist market economy. As one of the most important aspects in this transition process, China's banking system has been moving from its passive role under central planning to an active one with market-orientation. However, owing to the tradition of supporting state development policies and their inherent weak governance regime, most China's banking institutions are not good at distributing resources in line with market disciplines. In particular, the four largest state commercial banks grapple with the lingering problems of asset quality and commercial operation resulting from China's cultural, economic, legal and institutional background. The accession of China to the World Trade Organization (WTO) marks a major step in the integration of its banking and financial markets into the global financial system. The harmonization of liberalization and restructuring poses great challenge confronting China's developing banking market and legal system. In the course of enterprise and financial reform in China, the softening of legal constraint is prevalent, as a result of the distinctive features with the context of the transitional China, which constitutes a major cause to the non-performing loan problem in China. It exposes China's continued development to risks by hindering and retarding the progression of the rule of law. Recapitalization, AMCs, debt restructuring, and shareholding system, etc. have been taken by the Chinese government to tackle the serious banking problems. Unfortunately, they are not very effective because of the absence of robust market discipline and solid legal regime. While the principle of rule of law is pursued as an ideal objective in China's economic transformation, a balance should be made between this idealistic theory and the urgent need to meet the global challenge and to maintain social stability in post-WTO China. DOI: 10.5353/th_b3638870 Subjects: Bank loans - China Bank failures - China Banking law - China Banks and banking - Government ownership - China Corporate reorganizations - China
Author : Wojciech Maliszewski
Publisher : International Monetary Fund
ISBN 13 : 1475545282
Total Pages : 43 pages
Book Rating : 4.4/5 (755 download)
Download or read book Resolving China’s Corporate Debt Problem written by Wojciech Maliszewski and published by International Monetary Fund. This book was released on 2016-10-14 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain.
Author : Weitseng Chen
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (13 download)
Download or read book WTO written by Weitseng Chen and published by . This book was released on 2017 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Article examines China's banking reforms in the 2000s that made the overseas listings of China's “big-four” state-owned bank possible. Prior to such reforms, China's state banking system had been struggling with a staggering amount of non-performing loans (“NPLs”), which were estimated at around 40 percent of total outstanding loans. In particular, the Article investigates how such large NPL have come to exist in the Chinese banking system, how the Chinese economy has managed to grow despite its many flawed and vulnerable banks, and how the Chinese have resolved the NPL problem. Finally, the Article discusses how effectively the NPL disposal scheme has worked thus far, in the period before the upcoming overseas listings.
Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292691163
Total Pages : 262 pages
Book Rating : 4.2/5 (926 download)
Download or read book Nonperforming Loans in Asia and Europe—Causes, Impacts, and Resolution Strategies written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: High and persistent levels of nonperforming loans (NPLs) have featured prominently in recent financial crises. This book traces NPL trends during and after crises, examines the economic impact of high NPLs, and compares the effectiveness of NPL resolution strategies across economies in Asia and Europe. The book distills important lessons from the experiences of economies using case studies and empirical investigation of ways to resolve NPLs. These findings can be invaluable in charting a course through the financial and economic fallout of the coronavirus disease (COVID-19) pandemic to recovery and sustained financial stability in Asia, Europe, and beyond.
Author : Jiangfeng Li
Publisher :
ISBN 13 :
Total Pages : 77 pages
Book Rating : 4.:/5 (13 download)
Download or read book Non-Performing Loans and Asset Management Companies in China written by Jiangfeng Li and published by . This book was released on 2015 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the legal and regulatory regime for the resolution of non-performing loans (NPL) of state-owned banks in China. Currently, China's NPL market is comprised of two levels: the primary market (banks acting as the exclusive NPL sellers and asset management companies (AMCs) as the exclusive NPL buyers) and the secondary market (AMCs acting as the exclusive sellers and various types of investors as potential buyers). This paper finds that the current legal and regulatory regime imposes impediments to the effective functioning of the two-level NPL market.With respect to the primary market, because of strong political influence, the historical practice of making policy loans continues to play a role in banks' practices. Moreover, the existing bankruptcy system is not practical for addressing the financial distress and/or failure of banks, thus causing the banks to rely on government bailouts for failures and thereby creating moral hazard in the financial system. As a result, the legal and regulatory reform does not help the banks avoid generating large amounts of new NPLs, especially following the lending spree during and following the 2008-2009 global financial crisis. With respect to the secondary market, the legal and regulatory regime has three major problems: first, there is a diversified supervisory structure, which creates problems such as overlapping supervision; second, there is no unified law for AMCs, which reduces predictability of legal risks for market participants; and third, there is an unsatisfactory judicial system in China which impedes AMCs' resolution of NPLs through court proceedings. As a result, as the major participant in the secondary market, AMCs have not performed very well since their establishment in 1999.Based on the assessment of the current legal and regulatory regime for China's NPL market, this paper proposes to make reforms in two dimensions. In the short-tern, China should focus on the internal improvement of AMCs' management and the external improvement of the judicial system and the legal environment for AMCs. In the long-term, China should try to enhance the banking system's adoption of market disciplines so as to avoid the new generation of NPLs. It is also suggested that China may allow banks to establish their own financial asset management companies for the purpose of resolving NPLs in a way that produces good recoveries for the banks.
Author : Tong Li
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (129 download)
Download or read book China's Nonperforming Loans written by Tong Li and published by . This book was released on 2009 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's banking industry has grown rapidly over the past three decades. As the major source of funding for Chinese enterprises (especially state-owned enterprises), the banking sector has helped finance the nation's transformation from a centrally planned economy to a market-oriented economy. In the meantime, large amounts of nonperforming loans have accumulated on the balance sheets of Chinese banks, partly due to the cost of reform, partly due to poor management and inadequate regulation. In 1999, four asset management corporations were established to resolve the nonperforming loan problem. As stated in their charters, these asset management corporations would cease operation by the end of 2009. It is therefore of interest to examine the progress they have made in disposing of nonperforming loans. In this paper, the author attempts to draw a picture of how the nonperforming loan problem has developed since mid-1990s, provide an estimate of the total nonperforming loans held by Chinese financial institutions, and assess to what extent these bad assets might pose a threat to the country's financial stability.
Author : Dayong Zhang
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (13 download)
Download or read book Non-Performing Loans, Moral Hazard and Regulation of the Chinese Commercial Banking System written by Dayong Zhang and published by . This book was released on 2018 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the role of non-performing loans in the regulatory measures of the Chinese commercial banking system. A threshold panel regression model has been applied to the data of 87 commercial banks in China from 2006 to 2012. The empirical results suggest that a higher non-performing loan ratio (over 4.8%) can trigger a moral hazard problem, which will then cause further deterioration of the loan quality and potential instability. The standard regulatory measure, namely, capital adequacy ratio (CAR), only partially covers this problem. It is therefore important for the regulators to monitor the level of non-performing loan ratios asan additional regulatory measure.
Author : Paul Kossof
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (13 download)
Download or read book China's Non-Performing Loans written by Paul Kossof and published by . This book was released on 2014 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The People's Republic of China is the world's second largest economy. Beginning in the 1980s, substantial economic growth combined with political and regulatory changes led to a dramatic increase in non-performing loans. By the turn of the century, 1/4 of loans held by Chinese banks were overdue. This article examines how China managed its non-performing loans, discusses bad debt in China today, and provides suggestions for how it should tailor its non-performing loan strategy as its economy continues to slow.
Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1498363288
Total Pages : 135 pages
Book Rating : 4.4/5 (983 download)
Download or read book Global Financial Stability Report, April 2016 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2016-04-11 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current Global Financial Stability Report (April 2016) finds that global financial stability risks have risen since the last report in October 2015. The new report finds that the outlook has deteriorated in advanced economies because of heightened uncertainty and setbacks to growth and confidence, while declines in oil and commodity prices and slower growth have kept risks elevated in emerging markets. These developments have tightened financial conditions, reduced risk appetite, raised credit risks, and stymied balance sheet repair. A broad-based policy response is needed to secure financial stability. Advanced economies must deal with crisis legacy issues, emerging markets need to bolster their resilience to global headwinds, and the resilience of market liquidity should be enhanced. The report also examines financial spillovers from emerging market economies and finds that they have risen substantially. This implies that when assessing macro-financial conditions, policymakers may need to increasingly take into account economic developments in emerging market economies. Finally, the report assesses changes in the systemic importance of insurers, finding that across advanced economies the contribution of life insurers to systemic risk has increased in recent years. The results suggest that supervisors and regulators should take a more macroprudential approach to the sector.
Author : Feng Wei
Publisher : LIT Verlag Münster
ISBN 13 :
Total Pages : 332 pages
Book Rating : 4.:/5 (318 download)
Download or read book China's Financial Sector Reform in the Transition to a Market Economy written by Feng Wei and published by LIT Verlag Münster. This book was released on 2000 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: " The book is a problem-oriented study of China's financial sector in the transitional process since 1979. It provides deep and precise insights into the characteristics and problems of China's financial sector with respect to investment finance, the central banking and commercial banking systems, the financial market, and the legal and institutional framework of bank supervision in China. More importantly, the book has also proposed workable strategies for resolving two acute problems: interest rate liberalization and solving the issue of non-performing loans in China's banking system. The recent financial crisis in Asia is also a subject of the book, especially as regards its effects on the banking sector, stock markets, and extemal financial market liberalization in China. Furthermore, a projection is made about the trends in Chinese economic policies, particularly the interest rate policy, the exchange rate policy, and the fiscal policy, and about the perspectives of China's financial sector reform. This book is a valuable reference for academic researchers, investors, business managers, and policy-makers who are concemed with China's banking and financial system. "
Author : Xinmiao Hao
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (643 download)
Download or read book Reappraising non-performing loans in China's banking sector written by Xinmiao Hao and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Wojciech Maliszewski
Publisher : International Monetary Fund
ISBN 13 : 1475545290
Total Pages : 43 pages
Book Rating : 4.4/5 (755 download)
Download or read book Resolving China’s Corporate Debt Problem written by Wojciech Maliszewski and published by International Monetary Fund. This book was released on 2016-10-14 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain.
Author : Huixin Bi
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (18 download)
Download or read book Non-performing Loans, Fiscal Costs and Credit Expansion in China written by Huixin Bi and published by . This book was released on 2018 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
