China's Banking Transformation: The Untold Story by James StentChina's Banking Transformation: The Untold Story by James Stent

China's Banking Transformation: The Untold Story

byJames Stent

Hardcover | December 15, 2016

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In this timely and provocative book, James Stent, a banker with decades of experience in Asian banking and fluency in Chinese language, explains how Chinese banks work, analyzes their strengths and weaknesses, and sets forth the challenges they face in a slowing economy. Without minimizing thereal issues Chinese banks face, China's Banking Transformation challenges negative media accounts and reports of "China bears". Based on his 12 years of service on the boards of China Minsheng Bank, a privately owned listed bank, and China Everbright Bank, a state-controlled listed bank, the authorbrings the informed view of an insider to the reality of Chinese banking.China's Banking Transformation demonstrates that Chinese banks have transformed into modern, well-run commercial banks, playing a vital role supporting China's extraordinary economic growth. Acknowledging that China's banks are different from Western banks, the author explains that they are hybridbanks, borrowing extensively from Western models, but at the same time operating within a traditional Chinese cultural framework and in line with China's governance model.From his personal experience working at board level, Stent describes the governance and management of China's banks, including the role of the Communist Party. He sees China's banks as embedded in ancient concepts of how government and society work in China, and also as actors within a marketsocialist political economy. The Chinese banking system today bears similarities with banking in Northeast Asian "developmental states" of recent past, and also pre-1949 Chinese banking.As the first account of Chinese banking by a Westerner who has worked in China's banks, China's Banking Transformation should be read by anyone interested in the political economy of contemporary China, in Asian development issues, and in banking issues generally. The book dispels misconceptionsand provides insight into the financial aspects of China's economic growth story.
James Stent served for 12 years on the boards of China Minsheng Bank and China Everbright Bank in Beijing, and is presently on the boards of banks in Mongolia and Myanmar. Altogether, he has been engaged in commercial banking in Asia for more than four decades, starting with Citibank and Crocker National Bank in the Philippines, Hong K...
Title:China's Banking Transformation: The Untold StoryFormat:HardcoverDimensions:296 pages, 9.21 × 6.1 × 0.12 inPublished:December 15, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190497033

ISBN - 13:9780190497033