Reforming China's State-owned Enterprises and BanksThis book's starting point is that after two decades of experiments, during which other transition economies have effectively privatised all of their former state enterprises, China is still endeavouring to find a way to reinvent and re-engineer its own state-owned economic establishments. The authors explore these reforms along with the problems of China's state-owned banks, which have long been troubled by the adverse loans of Chinese enterprises and face foreign competition in 2007 under China's WTO commitments. Drawing on wide-ranging case studies of enterprise reform, Becky Chiu and Mervyn Lewis combine their extensive experience to give an authoritative account of China's enterprise and bank reform agenda, involving property rights, improved corporate governance and stimulating enterprise. This book will be of great interest to business economists, academic economists and those following the development of the Chinese economy. |
Contents
Tables and Boxes | 11 |
List of figures | 11 |
List of tables and boxes vii | 11 |
Copyright | |
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agency agency theory AMCs asset management Bank of China banking system board of directors capital central government Chapter China Construction Bank Chinese commercial banks committee Company Law competition contract control rights corporate governance corporatization debt decision-making decisions economic employees enterprise groups entities entrepreneur equity established financial system foreign functions funds Hong Kong household incentives industrial institutions internal investment investors Iron and Steel issue joint stock joint venture lending liabilities listed company market economy ment million ministries monitor non-performing loans non-state NPLs official operations organization output owner ownership Party PBOC performance private enterprises private sector problem production profits property rights province restructuring revenue role SASAC Shanghai shareholders shares Shenzhen Shougang SOBS social socialist market economy SOE managers SOE reform state-owned assets state-owned banks state-owned enterprises structure supervisory board trade transformation Tsingtao Brewery TVEs workers World Bank yuan