Motivations and Effects of Multinational Banks' Investment in China
중국 진출 다국적 은행의 동기 및 영향
- 주제(키워드) Multinational Banks , Internalization Theory , Financial Deepening
- 발행기관 고려대학교 국제대학원
- 지도교수 박성훈
- 발행년도 2010
- 학위수여년월 2010. 2
- 학위구분 석사
- 학과 국제대학원 국제학과
- 원문페이지 73 p
- 실제URI http://www.dcollection.net/handler/korea/000000021781
- 본문언어 한국어
- 제출원본 000045593337
초록/요약
After five-year buffer-period since China has joined WTO, the Chinese banking industry is on a new start. In the view of foreign banks are able to completely enter China from 2007, a war in the Chinese banking market between foreign and domestic banks is inevitable. Under such circumstances, it is meaningful to do some research on multinational banks’ activities in China. This thesis aims to analyze motivations and macroeconomic effect of MNBs’ entry to China,and our main ideas and arguments are as followings: First, initially, following their clients, Multinational banks (MNBs) enter into China. To conduct transaction of its know-how products and seek scale economy and economies of scope, MNBs internalize its know-how products and start to expand their businesses in the Chinese market. FDI, trade and interest spread,such internalized core factors can explain motivations of MNB’s investment in China. Second, MNB’s entry may exert significant impact on China's financial syetem.In the short term, MNB’s entry will bring about several unfavorable factors, such as interference with central bank’s monetary policy of China and excessive introduction of foreign capital.However,in the long run, it would act as a stimulus to China's financial stability, promote financial innovation and increase efficiency of resource allocation in China. Finally,based on our study, we give suggestions that Chinese government speed up reform and opening of banking market, break monopoly and establish a competitive market and modern banking system; the regulatory authorities should develop effective monitoring measures to ease the negative impact caused by MNB’s entry and protect its banking sector.
more목차
1 Introduction 4
2 Literature Review of Multinational Bank 7
2.1 Theories related to multinational banks’ investment 7
2.1.1 Internalization Theory 7
2.1.2 The Eclectic Theory of International Production 9
2.2 Summary of Studies on Motivation of Multinational Banks’ Entry 11
2.3 Summary of Studies on Effect of Multinational Banks’ Entry 13
2.3.1 MNB’s entry and development of financial market in host country 14
2.3.2 Study on MNB’s entry and economic stability of host country 16
3 Motivations of Multinational Banks’ Investment in China 18
3.1 Internalization Theory and motivations of MNB’s investment in China 19
3.2 A Model of Multinational Banks’ Investment in China 24
3.2.1 Supply equation of MNB’s investment in China 24
3.2.2 Demand equation of MNB’s investment in China 27
3.2.3 Empirical analysis on motivations of MNB’s investment in China 28
3.2.4 Summary 32
4 Macroeconomic Effect of Multinational Banks’ Entry in China 34
4.1 Effects on Financial Deepening 34
4.1.1 MNB’s entry and economic development of China 34
4.1.2 MNB’s entry and domestic credit flows 40
4.1.3 MNB’s entry and China’s introduction of foreign capital 43
4.2 Effects on Banking Efficiency：An Empirical Analysis 44
4.3 Effect on Financial Stabilization 48
4.3.1 MNB’s entry and China’s financial security 49
4.3.2 Financial stability effect of MNB’s entry 51
5. Main findings and implications 54
5.1 Reform of state-owned commercial banks 54
5.2 Opening banking market 56
5.3 Supervision strategy 57
6. Conclusion 59
References 63
Appendix 67
