Foreign Banks in China

Violaine Cousin

Chapter 5 in Banking in China, 2007, pp 53-64 from Palgrave Macmillan

Abstract: Abstract Since 1991, when the Asian Development Bank acquired a stake in Xiamen International Bank, foreign banks have started buying stakes in the capital of Chinese banks. Most of the deals have taken place in 2004 and 2005, after CBRC raised the ceiling on individual stakes to 20% and overall on foreign stakes to 25% in the capital of any type of Chinese bank (including RCCs) in December 2003.1 Further to this, in January 2006, CBRC announced that foreign investors can invest in “up-to-now off-limits” A-shares.2 Overall, individual foreign institutions’ stakes range between 2 and 20%. As of May 2006, foreign investors had taken equity stakes in 25 Chinese banks (approved) and their equity participations amounted to some USD 20 bin.

Keywords: Corporate Governance; Foreign Investor; Mutual Fund; Foreign Ownership; Foreign Bank (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-59584-2_5

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DOI: 10.1057/9780230595842_5

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