2012 China Banking Industry - Top ten trends and outlook(7)

specifically interest rate liberalization and the promotion of /news/detail/v0-

d1021627385.html.

More institutions are choosing to acquire assets to competition among rural credit cooperatives.26 Rural Credit Cooperatives meet expansion goals. In 2009, Ningbo Yinzhou “Advance or Retreat”, Rural Cooperative Bank acquired about 20 percent Looking forward to 2012, we believe that the 21st Century Economic

Herald, May 10, 2010, http://

of the equity of Qinhuangdao Commercial Bank. The government and regulatory authorities will continue /epaper/21cn/acquisition was the first time a rural institution acquired to encourage and reinforce the rural-related services content/20100510/Arti-equity in an urban commercial bank. In addition, to of financial institutions. In addition to the efforts of celJ10003FM.htm.

27promote the development of rural financial institutions rural financial institutions, commercial banks will also China Banking Regulatory

Commission: Continue to

accelerate the construction of rural financial service Promote Public Listing of

outlets and channels. All financial institutions will actively Rural Commercial Banks,

respond to requirements of the CBRC by expanding Xinhuanet, December 16,

2010, http://money.163com/

their efforts to make rural-related key credit investments 10/1216/20/6O27PAE500253

in areas such as water conservation, grain production, B0H.html.

drought resistance and disaster alleviation. At the same 28 Restart of Rural Financial

time, the steps of shareholding system reform for rural Reform after a Seven-Year

Round of Efforts, In-depth

financial institutions will accelerate, the rural banking Thinking Provoked by Un-

system will be gradually established and refined, and the balanced Development, 21st

Century Economic Herald,

overall functions and competitive competencies of rural May 10, 2010,http://www.

financial services will both be significantly /yh/04/201005/

t20100510_2424040.htm.

2012 China Banking Industry Top Ten Trends and Outlook—Enhancing Capital Management, Meeting New Challenges9

2012 China Banking Industry - Top ten trends and outlook

V. Chinese banks are focusing on efforts to expand their international footprint

29 Cai Esheng: Capacity of

Banking Industry to Make

Use of Both Domestic and

Overseas Markets and

Resources Is Enhanced,

China Securities Journal,

November 10, 2011, http://

/

hqcj/zgjj/2011-11-10/con-

tent_4322977.html.

30 Industrial and Commercial

Bank of China and Bank of

Communications 2010 An-

nual Reports; Internation-

alization of Chinese Banks:

Current Status and Strat-

egy Selection, The Chinese

Banker, November 2011,

/

magazine/article_174393.

html.

10With gradual global economic integration and China’s Africa and Oceania, and acquired or purchased shares efforts to reform and open markets, China’s banking from 10 overseas institutions; 6 joint-stock commercial industry is gradually accelerating efforts to expand banks established 5 branch banks and 5 representative internationally. By establishing new institutions, merging offices overseas; and 2 urban commercial banks and acquiring institutions and relying on partners, established 2 representative offices overseas. Within 20 many banks are expanding their scope of business and days after November 8, 2011, Bank of Communications enhancing their cross-border business capacity. Generally alone had 3 overseas branch banks or subsidiary banks speaking, internationalized operations conducted by open for business.29 Chinese banks still lag behind the operational capacity of other global multi-national banks. In the post-crisis era, In 2010, the total assets of the overseas offices of the where global expansion, information sharing and market Industrial and Commercial Bank of China reached 75 orientation is progressing, the banking industry’s efforts trillion U.S. dollars, and had grown by 45.1 percent to “go out” have become the intrinsic requirements for compared with the same period the previous year. promoting national economic development strategy, Total pre-tax profits equaled 1trillion U.S. dollars, and participation in international financial cooperation and had grown by 37.2 percent compared with the same competition, and the acceleration of bank operation period the previous year. By 2010, the total assets of upgrades.the overseas branch banks of Bank of Communications reached 34.7 billion U.S. dollars, and had grown by 30.5 The globalization of Chinese banks is starting to percent compared to the beginning of the year. Realized place (see Figure 4). As of the end of 2010, five large operating profits totaled 335 million U.S. dollars, and commercial banks established a total of 89 primary had grown by 30.1 percent year over year.30operating institutions in Asia, Europe, the Americas, Figure 4. Major Overseas Merger and Acquisitions of Chinese Banks in Recent YearsBank of ChinaChina Construction Bank Acquired 100% of equity in Singapore Aircraft Leasing Acquired 100% of equity in the wholly-owned Enterprise for 965 million U.S. dollars in December 2006Asia subsidiary of Bank of America for 9.71 Bank of China (Hong Kong) acquired 4.94% of equity billion Hong Kong dollars in 2006in Bank of East Asia (Hong Kong) for 3.95 billion Hong Acquired 100% of equity in AIG affiliate AIG Kong dollars in November 2007Finance (Hong Kong) for 70 million Hong Kong Acquired 70% of equity in the Bank of East Asia dollars in August 2009(Canada) for 72 million U.S. dollars in June 2009China Minsheng BankIndustrial and Commercial Bank of China Acquired 5.2% of equity in UCBH Holdings Inc. Purchased 90% of equity in Bank Halim of Indonesia in for 92 million U.S. dollars in O …… 此处隐藏：5959字，全部文档内容请下载后查看。喜欢就下载吧 ……