DOCSLIB.ORG

BANK of TIANJIN CO., LTD.* 天津銀行股份有限公司* (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 1578)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
BANK of TIANJIN CO., LTD.* 天津銀行股份有限公司* (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 1578) THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in Bank of Tianjin Co., Ltd. (天津銀行股份有限公司), you should at once hand this circular along with the proxy form and reply slip to the purchaser or transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and the Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. BANK OF TIANJIN CO., LTD.* 天津銀行股份有限公司* (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1578) PROPOSED APPOINTMENT OF MR. WU HONGTAO AS EXECUTIVE DIRECTOR APPOINTMENT OF EXTERNAL AUDITORS FOR 2021 AND NOTICE OF THE 2020 FIRST EXTRAORDINARY GENERAL MEETING A notice convening the EGM to be held at Geneva Hotel (No. 32 Youyi Road, Hexi District, Tianjin, PRC) at 9:30 a.m. on Tuesday, 1 December 2020 is set out on pages 9 to 11 of this circular. If you intend to appoint a proxy to attend the EGM, you are required to complete and return the proxy form in accordance with the instructions printed thereon as soon as possible. The proxy form (together with a notarially certified copy of the power of attorney or other authority (if any) if the proxy form is signed by a person on behalf of the appointor) must be delivered by H Shareholders to the H Share Registrar of the Bank, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong not later than 9:30 a.m. on Monday, 30 November 2020 (Hong Kong time). If you intend to attend the EGM in person or by proxy, H Shareholders of the Bank are required to return the reply slip in person, by post or by facsimile to the H Share Registrar, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong on or before Wednesday, 11 November 2020. Completion and return of a proxy form will not preclude you from attending in person and voting at the EGM if you so wish, but in such event the instrument appointing a proxy shall be deemed to be revoked. * Bank of Tianjin Co., Ltd. is not an authorised institution within the meaning of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorised to carry on banking/deposit-taking business in Hong Kong. 16 October 2020 TABLE OF CONTENTS Page DEFINITIONS ..................................................... 1 LETTER FROM THE BOARD ........................................ 3 APPENDIX I – BIOGRAPHICAL PARTICULARS OF MR. WU HONGTAO .................................... 8 NOTICE OF EXTRAORDINARY GENERAL MEETING ................... 9 –i– DEFINITIONS In this circular, unless the context requires otherwise, the following expressions shall have the following meanings: “Articles of Association” the articles of association of the Bank as may be amended, modified or otherwise supplemented from time to time “Bank” Bank of Tianjin Co., Ltd. (天津銀行股份有限公司), a joint stock company incorporated on 6 November 1996 in Tianjin, China with limited liability in accordance with PRC laws, and, if the context requires, includes its predecessors, subsidiaries, branches and sub-branches, the H Shares of the Bank were listed on the Stock Exchange on 30 March 2016 (Stock Code: 1578) “Board” the board of Directors of the Bank “CBIRC Tianjin Bureau” China Banking and Insurance Regulatory Commission Tianjin Bureau “Director(s)” the director(s) of the Bank “Domestic Share(s)” ordinary share(s) issued by the Bank, with a nominal value of RMB1.00 each, which are subscribed for or credited as paid up in Renminbi “EGM” the 2020 first extraordinary general meeting of the Bank to be held at Geneva Hotel (No. 32 Youyi Road, Hexi District, Tianjin, PRC) at 9:30 a.m. on Tuesday, 1 December 2020, or any adjournment thereof, the notice of EGM is set out on pages 9 to 11 of this circular “Hong Kong” the Hong Kong Special Administrative Region of the PRC “H Share(s)” overseas listed foreign ordinary share(s) issued by the Bank with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong dollars and listed on the Stock Exchange “H Shareholder(s)” the holder(s) of H Share(s) “H Share Registrar” Computershare Hong Kong Investor Services Limited –1– DEFINITIONS “Listing Rules” Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, as may be amended, supplemented or otherwise modified from time to time “PRC” or “China” the People’s Republic of China which, for the purposes of this circular, excludes Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan “RMB” Renminbi, the lawful currency of the PRC “Shareholder(s)” Holder(s) of Share(s) of the Bank “Share(s)” Domestic Share(s) and H Share(s) of the Bank “Stock Exchange” The Stock Exchange of Hong Kong Limited –2– LETTER FROM THE BOARD BANK OF TIANJIN CO., LTD.* 天津銀行股份有限公司* (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1578) Board of Directors: Registered Address and Address of Head Office: Executive Directors No. 15 Youyi Road, Mr. SUN Liguo (Chairman) Hexi District, Ms. ZHANG Furong Tianjin, China Non-executive Directors Principal Place of Business in Hong Kong: Ms. SUN Jingyu 40/F, Sunlight Tower, Ms. DONG Guangpei 248 Queen’s Road East, Mr. Alistair Marshall BULLOCH Wan Chai, Mr. ZHAO Wei Hong Kong Mr. WANG Shunlong Ms. LI Jun Independent non-executive Directors Mr. FENG Heping Mr. LAW Yee Kwan, Quinn Mr. JIN Qingjun Mr. HUA Yaogang Mr. HE Jia To the Shareholders PROPOSED APPOINTMENT OF MR. WU HONGTAO AS EXECUTIVE DIRECTOR APPOINTMENT OF EXTERNAL AUDITORS FOR 2021 AND NOTICE OF THE 2020 FIRST EXTRAORDINARY GENERAL MEETING I. INTRODUCTION Reference is made to the announcements of the Bank dated 12 October 2020 and 16 October 2020 in relation to, among other things, the resolution on the proposed appointment of Mr. Wu Hongtao as executive Director and the resolution on the appointment of external auditors for 2021. –3– LETTER FROM THE BOARD At the Board meeting convened on 12 October 2020, the Board approved the resolution on the proposed appointment of Mr. Wu Hongtao as executive Director and the resolution on the appointment of external auditors for 2021. The purpose of this circular is to provide you with (among other things) (i) the resolution on the proposed appointment of Mr. Wu Hongtao as executive Director; (ii) the resolution on the appointment of external auditors for 2021; and (iii) a notice of the EGM, and to provide you with all the information reasonably necessary to enable you to make an informed voting decision on the proposed resolutions at the EGM. II. PROPOSED APPOINTMENT OF MR. WU HONGTAO AS EXECUTIVE DIRECTOR Reference is made to the announcement of the Bank dated 12 October 2020. The Board proposed to appoint Mr. Wu Hongtao as an executive Director of the sixth session of the Board. The proposed appointment of executive Director is subject to the approval of the Shareholders at its general meeting and the approval of his qualification by the CBIRC Tianjin Bureau. Mr. Wu Hongtao will not receive Director’s remuneration and/or allowance from the Bank during his term as an executive Director of the Bank. Mr. Wu Hongtao will enter into a service contract with the Bank after the approval of his appointment, his term of office will be from the date of the approval of his qualification by the CBIRC Tianjin Bureau to the expiry date of the term of office of the sixth session of the Board. Save as the biographical details disclosed in Appendix I, as at the date of this circular, Mr. Wu has confirmed that, (i) he has not held any position of the Bank or its subsidiaries nor any other directorship or supervisorship in other listed companies for the past three years; (ii) he does not have any relationship with any other Directors, Supervisors, Senior Management of the Bank, substantial or controlling Shareholders; and (iii) he does not have any interests in the Shares within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Save as disclosed in Appendix I, there are no other matters concerning the appointment of Mr. Wu Hongtao that are required to be disclosed pursuant to Rule 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there are no other matters that need to be brought to the attention of the Shareholders. The biographical details of Mr. Wu Hongtao are set out in Appendix I to this circular. –4– LETTER FROM THE BOARD III. APPOINTMENT OF EXTERNAL AUDITORS FOR 2021 Reference is made to the announcement of the Bank dated 16 October 2020, that Deloitte Touche Tohmatsu Certified Public Accountants LLP (“Deloitte Touche Tohmatsu Certified Public Accountants LLP”) has been providing annual audit services for the Bank since 2013 and such services will reach 8 years upon the conclusion of audit for 2020, and that Deloitte Touche Tohmatsu (“Deloitte Touche Tohmatsu”) has been providing international audit services for the Bank since 2015.
Load more

Recommended publications
  • Equity Investment People's Republic of China: China Everbright Bank
    Extended Annual Review Report Reference Number: 30704 April 2009 Equity Investment People’s Republic of China: China Everbright Bank In accordance with ADB's public communications policy (PCP, 2005), this extended annual review report excludes information referred to in paragraph 126 of the PCP. CURRENCY EQUIVALENTS Currency Unit – yuan (CNY) At Appraisal At Project Completion 14 September 1996 13 December 2007 CNY1.00 = $0.1204 $0.1355 $1.00 = CNY8.3052 CNY7.3785 ABBREVIATIONS ADB – Asian Development Bank BOC – Bank of China CAGR – compound annual growth rate CAR – capital adequacy ratio CBRC – China Banking Regulatory Commission CCB – city commercial bank CEB – China Everbright Bank CEG – China Everbright Group CIB – China Investment Bank EROIC – economic return on invested capital FIRR – financial internal rate of return GDP – gross domestic product ICBC – Industrial and Commercial Bank of China IFC – International Finance Corporation IFRS – International Financial Reporting Standard IPO – initial public offering NAV – net asset value NPL – nonperforming loan PBOC – People’s Bank of China PRC – People’s Republic of China PSOD – Private Sector Operations Department RCC – rural credit cooperative ROIC – return on invested capital SME – small and medium-sized enterprises SOCB – state-owned commercial bank SOE – state-owned enterprise TA – technical assistance WACC – weighted average cost of capital NOTE In this report, "$" refers to US dollars Vice-President X. Zhao, Operations Group 1 Director General P. Erquiaga, Private Sector Operations Department (PSOD) Director R. van Zwieten, Capital Markets and Financial Sector Division, PSOD Team leader M. E. Paterno, Investment Specialist, PSOD Team members B. Huang, Young Professional, PSOD I. Chua, Investment Officer, PSOD CONTENTS Page EXECUTIVE SUMMARY i I.
    [Show full text]
  • BANK of TIANJIN CO., LTD.* 天津銀行股份有限公司* (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 1578)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. BANK OF TIANJIN CO., LTD.* 天津銀行股份有限公司* (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1578) 2016 ANNUAL RESULTS ANNOUNCEMENT The board of directors (the “Board”) of Bank of Tianjin Co., Ltd. (the “Bank”) hereby announces the audited consolidated annual results of the Bank for the year ended December 31, 2016 (the “Reporting Period”). The content of this results announcement has been prepared in accordance with applicable disclosure requirements under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Listing Rules”) in relation to preliminary announcements of annual results and the International Financial Reporting Standards (the “IFRSs”) promulgated by the International Accounting Standards Board. Such annual results have also been reviewed and confirmed by the Board and the audit committee of the Board. Unless otherwise stated, financial data of the Bank and its subsidiaries are presented in Renminbi. 1. CORPORATE INFORMATION 1.1 Basic Information Legal Chinese Name 天津銀行股份有限公司 Abbreviation in Chinese 天津銀行 Legal English Name Bank of Tianjin Co., Ltd. Abbreviation in English Bank of Tianjin Legal Representative LI Zongtang Authorized Representatives ZHANG Furong, NGAI Wai Fung Listing Place of H shares The Stock Exchange of Hong Kong Limited Stock Name Bank of Tianjin Stock Code 1578 1.2 Contact Persons and Contact Details Board Secretary ZHANG Furong Joint Company Secretaries ZHANG Furong, NGAI Wai Fung Registered Address and No.
    [Show full text]
  • China 500 2019 the Annual Report on the Most Valuable and Strongest Chinese Brands March 2019 Contents
    China 500 2019 The annual report on the most valuable and strongest Chinese brands March 2019 Contents. Bridging the Gap 4 About Brand Finance 6 Get in Touch 6 Request Your Brand Value Report 7 Foreword 8 Executive Summary 10 Regional Analysis 16 Sector Reputation Analysis 18 Brand Finance China 500 (USD m) 20 Definitions 30 Brand Valuation Methodology 32 Market Research Methodology 33 Stakeholder Equity Measures 33 Consulting Services 34 Brand Evaluation Services 35 Communications Services 36 Brand Finance Network 38 Brand Finance China 500 March 2019 3 Bridging the Gap. were able to apply Flame & Dragon for supporters. These The combined imagery are only granted to of flames and dragons is companies deemed traditional and represents highly reputable by the the omnipotence of College of Arms. We the dragon. This style have found that the of dragon is used by usage of the Coat of the richest Dynasty in Arms is helpful in our Chinese history, the Song core Brand Finance Dynasty. business, particularly in the international market Circles where the implied status The earliest coins used is recognised, but also in China can be traced with regards to the back to the First Emperor Brand Finance Institute, Qinshihuangdi in the Brand Finance Forums, Qin Dynasty. The logo and Brand Exchange. of the World Heritage Committee is a Chinese All aspects of the full Qin coin. Brand Finance Coat of Arms have been Clouds specially created and Auspicious cloud patterns have meaning related have been circulated for to our ethos and more than 5,000 years philosophy. and are one of the most representative cultural Original version Bridge symbols of China.
    [Show full text]
  • China Financial Market Development Report
    CHINA FINANCIAL MARKET DEVELOPMENT REPORT PBC Shanghai Head Office China Financial Market Development Report Committee 责任编辑：童祎薇 白子彤 责任校对：张志文 责任印制：程 颖 图书在版编目（CIP）数据 中国金融市场发展报告. 2018：英文/中国人民银行上海总部《中国金融市场发展报告》 编写组编. —北京：中国金融出版社，2020.5 ISBN 978 - 7 - 5220 - 0434 - 1 Ⅰ. ①中… Ⅱ. ①中… Ⅲ. ①金融市场—研究报告—中国—2018—英文 IV.①F832.5 中国版本图书馆CIP数据核字（2020）第007272号 出版 发行 社址 北京市丰台区益泽路2号 市场开发部 （010）66024766，63805472，63439533（传真） 网 上 书 店 http://www.chinafph.com （010）66024766，63372837（传真） 读者服务部 （010）66070833，62568380 邮编 100071 经销 新华书店 印刷 北京侨友印刷有限公司 尺寸 210毫米×285毫米 印张 12.75 字数 250千 版次 2020年5月第1版 印次 2020年5月第1次印刷 定价 110.00元 ISBN 978 - 7 - 5220 - 0434 - 1 如出现印装错误本社负责调换 联系电话（010）63263947 2018 China Financial Market Development Report Committee Chair: LIU Guoqiang Vice Chair: JI Zhihong JIN Penghui Executive Vice Chair: ZHENG Wufu MA Jianyang Members (listed in the surname stroke order): KONG Yan LIU Jianhong LIU Ti HE Haifeng LI Haichao SONG Yuqin ZHANG Cuiwei ZHOU Zili ZHOU Rongfang RONG Yihua MEI Yunbo HAN Ping PENG Ming Editors & Authors Of The Chinese Edition: DU Haijun ZENG Ziliang DENG Lingyuan WANG Wenzhu CUI Linjing YANG Jie WANG Lijie ZOU Qiong TANG Lie WANG Tongyi Other Authors (listed in the surname stroke order): MA Junqing YIN Yuqiao WANG Fan WANG Fei WANG Haonian WANG Ran YE Kesong XIANG Lili JIANG Huifen YAN Lijuan SONG Weiwei ZHANG Yizheng ZHANG Song ZHANG Jieke ZHANG Jin ZHANG Can YANG Zonghang CHEN Xiaowu CHEN Jianan ZHOU Qingwu MENG Lingkuo ZHENG Yuling ZHENG Rusi ZHENG Lingyun HOU Haiting HU Yingchun ZHAO Yunxiao JIA Ying GUO Jianfeng GUO Huiming CHANG
    [Show full text]
  • Banking Newsletter
    September 2017 Banking Newsletter Review and Outlook of China’s Banking Industry for the First Half of 2017 www.pwccn.com Editorial Team Editor-in-Chief：Vivian Ma Deputy Editor-in-Chief：Haiping Tang, Carly Guan Members of the editorial team： Cynthia Chen, Jeff Deng, Carly Guan, Tina Lu, Haiping Tang (in alphabetical order of last names) Advisory Board Jimmy Leung, Margarita Ho, Richard Zhu, David Wu, Yuqing Guo, Jianping Wang, William Yung, Mary Wong, Michael Hu, James Tam, Raymond Poon About this newsletter The Banking Newsletter, PwC’s analysis of China’s listed banks and the wider industry, is now in its 32nd edition. Over the past one year there have been several IPOs for small-and-medium-sized banks, increasing the universe of listed banks in China. This analysis covers 39 A-share and/or H-share listed banks that have released their 2017 first half results. Those banks are categorized into four groups as defined by the China Banking Regulatory Commission (CBRC): Large Commercial Joint-Stock Commercial City Commercial Banks Rural Commercial Banks Banks (6) Banks (9) (16) (8) Industrial and Commercial Chongqing Rural Commercial Bank Bank of China (ICBC) China Industrial Bank (CIB) Bank of Beijing (Beijing) (CQRCB) China Construction Bank China Merchants Bank (CMB) Bank of Shanghai (Shanghai) (CCB) Guangzhou Rural Commercial Bank SPD Bank (SPDB) Bank of Hangzhou (Hangzhou) Agricultural Bank of China (GZRCB) (ABC) China Minsheng Bank Corporation Bank of Jiangsu (Jiangsu) (CMBC) Jiutai Rural Commercial Bank Bank of China (BOC) Bank of
    [Show full text]
  • 2020 Annual Report * Bank of Tianjin Co., Ltd
    (A joint stock company incorporated in the People's Republic of China with limited liability) (Stock code: 1578) 2020 Annual Report * Bank of Tianjin Co., Ltd. is not an authorised institution within the meaning of the Banking Ordinance (Chapter 155 of Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorised to carry on banking and/or deposit-taking business in Hong Kong. BANK OF TIANJIN CO., LTD. 1 ANNUAL REPORT 2020 Contents Definitions 2 Company Profile 4 Summary of Accounting Data and Financial Indicators 6 Chairman’s Statement 12 President’s Statement 14 Management Discussion and Analysis 18 Changes in Share Capital and Information on Shareholders 74 Directors, Supervisors, Senior Management and Employees 80 Corporate Governance Report 106 Report of the Board of Directors 131 Report of the Board of Supervisors 145 Important Events 150 Risk Management and Internal Control 152 Independent Auditor’s Report 155 Financial Statements 161 Unaudited Supplementary Financial Information 308 List of Branches 313 2 BANK OF TIANJIN CO., LTD. ANNUAL REPORT 2020 Definitions In this annual report, unless the context otherwise requires, the following items shall have the meanings set out below: “Articles of Association” the articles of association of the Bank as may be amended, supplemented or otherwise modified from time to time “Bank”, “our Bank”, “we” or “us” Bank of Tianjin Co., Ltd. (天津銀行股份有限公司), a joint stock company incorporated on 6 November 1996 in Tianjin, China with limited liability in
    [Show full text]
  • The Development and Transformation of the People’S Republic of China’S Financial System
    ADBI Working Paper Series THE DEVELOPMENT AND TRANSFORMATION OF THE FINANCIAL SYSTEM IN THE PEOPLE’S REPUBLIC OF CHINA Damian Tobin and Ulrich Volz No. 825 March 2018 Asian Development Bank Institute Damian Tobin is a lecturer in Chinese Business and Management at the School of Finance and Management, SOAS University of London. Ulrich Volz is head of the Department of Economics and a senior lecturer (associate professor) in economics at SOAS University in London. The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms. Working papers are subject to formal revision and correction before they are finalized and considered published. The Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI’s working papers reflect initial ideas on a topic and are posted online for discussion. Some working papers may develop into other forms of publication. Suggested citation: Tobin, D. and U. Volz. 2018. The Development and Transformation of the People’s Republic of China’s Financial System. ADBI Working Paper 825. Tokyo: Asian Development Bank Institute. Available: https://www.adb.org/publications/development-and-transformation-prc- financial-system Please contact the authors for information about this paper.
    [Show full text]
  • The Sustainable Infrastructure Finance of China Development Bank: Composition, Experience and Policy Implications
    GlobalGlobal EconomicEconomic GovernanceGovernance InitiativeInitiative GEGI WORKING PAPER 05 • 07/2016 GLOBAL ECONOMIC GOVERNANCE The Sustainable Infrastructure Finance of China Development Bank: Composition, Experience and Policy Implications YONGZHONG WANG INTRODUCTION With the establishment of the Asian Infrastructure Investment Bank (AIIB) dominated by China and the BRICS New Development Bank, Infrastructure finance has received tremendous attentions and become a hot issue worldwide. It is publicly recognized that “Quality infrastructure plays a critical role in achieving sustainable development. It contributes to economic growth and competiveness, fosters a diversified and deep productive sector, provides greater access to fundamental services that improve quality of life and promote social equality, and bolsters national and regional integration”(IDFC, 2015). However, there existed a substantial gap between supply and demand of infrastructure services in the Yongzhong Wang is a deputy director and senior fellow at developing world. Furthermore, rapid per capita income increases in many emerging countries will amplify the International Investment scale and pace of infrastructure demand. According to a predict of OECD, the infrastructure investment needs Department, Institute of World across land transport, telecommunications, electricity and water and sanitation sectors could amount to an Economics and Politics (IWEP), estimated USD 53 trillion through 2030. The annual investment requirement would equal more than 2.5% of Chinese Academy of Social world GDP (Williams, 2014). Bhattacharya and Holt (2015) also estimate that the gap between current and Sciences (CASS). He also is a required investment in infrastructure in emerging and developing economies to reach US$1–1.5 trillion per year Professor at World Economics for the core sectors only between 2014 and 2030, and these vast unmet infrastructure needs will constrain Department, Graduate School economic growth on a sufficient scale.
    [Show full text]
  • China's Financial System
    China’s Financial System Growth and Inefficiency Dominique de Rambures and Felipe Escobar Duenas China’s Financial System Dominique De Rambures • Felipe Escobar Duenas China’s Financial System Growth and Inefficiency Dominique De Rambures Felipe Escobar Duenas Master Banque Finance Master Banque Finance Paris I University Panthéon Sorbonne Paris I University Panthéon Sorbonne Paris, France Paris, France ISBN 978-3-319-40450-9 ISBN 978-3-319-40451-6 (eBook) DOI 10.1007/978-3-319-40451-6 Library of Congress Control Number: 2017930599 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and ­transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made.
    [Show full text]
  • Bank Green Lending and Credit Risk an Empirical Analysis of China's
    Bank Green Lending and Credit Risk An Empirical Analysis of China’s Green Credit Policy Xiaoyan Zhou, Ben Caldecott, Andreas Hoepner, Yao Wang 28 August 2020 Oxford Sustainable Finance Programme, Smith School of Enterprise and the Environment, University of Oxford | Working Paper No. 20-08 ISSN 2732-4214 (Online) 0 Oxford Sustainable Finance Programme Aligning finance with sustainability is a necessary condition for tackling the environmental and social challenges facing humanity. It is also necessary for financial institutions and the broader financial system to manage the risks and capture the opportunities associated with the transition to global environmental sustainability. The University of Oxford has world-leading researchers and research capabilities relevant to understanding these challenges and opportunities. The Oxford Sustainable Finance Programme is the focal point for these activities and is situated in the University’s Smith School of Enterprise and the Environment. The Oxford Sustainable Finance Programme is a multidisciplinary research centre working to be the world's best place for research and teaching on sustainable finance and investment. We are based in one of the world’s great universities and the oldest university in the English- speaking world. We work with leading practitioners from across the investment chain (including actuaries, asset owners, asset managers, accountants, banks, data providers, investment consultants, lawyers, ratings agencies, stock exchanges), with firms and their management, and with experts from a wide range of related subject areas (including finance, economics, management, geography, data science, anthropology, climate science, law, area studies, psychology) within the University of Oxford and beyond. The Global Sustainable Finance Advisory Council that guides our work contains many of the key individuals and organisations working on sustainable finance.
    [Show full text]
  • China's Banking System: Issues for Congress
    China’s Banking System: Issues for Congress Michael F. Martin Specialist in Asian Affairs February 20, 2012 Congressional Research Service 7-5700 www.crs.gov R42380 CRS Report for Congress Prepared for Members and Committees of Congress China’s Banking System: Issues for Congress Summary China’s banking system has been gradually transformed from a centralized, government-owned and government-controlled provider of loans into an increasingly competitive market in which different types of banks, including several U.S. banks, strive to provide a variety of financial services. Only three banks in China remain fully government-owned; most banks have been transformed into mixed ownership entities in which the central or local government may or may not be a major equity holder in the bank. The main goal of China’s financial reforms has been to make its banks more commercially driven in their operations. However, China’s central government continues to wield significant influence over the operations of many Chinese banks, primarily through the activities of the People’s Bank of China (PBOC), the China Banking Regulatory Commission (CBRC), and the Ministry of Finance (MOF). In addition, local government officials often attempt to influence the operations of Chinese banks. Despite the financial reforms, allegations of various forms of unfair or inappropriate competition have been leveled against China’s current banking system. Some observers maintain that China’s banks remain under government-control, and that the government is using the banks to provide inappropriate subsidies and assistance to selected Chinese companies. Others claim that Chinese banks are being afforded preferential treatment by the Chinese government, given them an unfair competitive advantage over foreign banks trying to enter China’s financial markets.
    [Show full text]
  • UFJ China Correspondents.Xlsx
    Bank of Tokyo-Mitsubishi UFJ; Overseas Correspondents (CHINA, TAIWAN, HONG KONG) City Bank Name ANQING BANK OF COMMUNICATIONS CO., LTD. ANSHAN BANK OF CHINA LIMITED BANK OF COMMUNICATIONS CO., LTD. INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED BAODING INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED BAOTOU BANK OF CHINA LIMITED BANK OF COMMUNICATIONS CO., LTD. BEIHAI BANK OF CHINA LIMITED BANK OF COMMUNICATIONS CO., LTD. BEIJING AGRICULTURAL BANK OF CHINA LIMITED AGRICULTURAL DEVELOPMENT BANK OF CHINA AUSTRALIA AND NEW ZEALAND BANK (CHINA) COMPANY LIMITED BANK OF AMERICA N.A. BANK OF BEIJING CO., LTD BANK OF CHINA LIMITED BANK OF COMMUNICATIONS CO., LTD. BANK OF MONTREAL (CHINA) CO. LTD. BANK OF TOKYO-MITSUBISHI UFJ (CHINA), LTD. BNP PARIBAS (CHINA) LIMITED CHINA CITIC BANK CHINA CONSTRUCTION BANK CORPORATION CHINA DEVELOPMENT BANK CORPORATION CHINA EVERBRIGHT BANK CHINA MERCHANTS BANK CO. LTD. CHINA MINSHENG BANKING CORPORATION LTD CITIBANK (CHINA) CO., LTD. DBS BANK (CHINA) LIMTIED GUANGDONG DEVELOPMENT BANK HANA BANK (CHINA) COMPANY LIMITED HSBC BANK (CHINA) COMPANY LIMITED HUA XIA BANK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED INDUSTRIAL BANK CO., LTD. JPMORGAN CHASE BANK (CHINA) COMPANY LIMITED KEB BANK (CHINA) CO., LTD. MIZUHO CORPORATE BANK (CHINA), LIMITED PEOPLE'S BANK OF CHINA/STATE ADMINISTRATION OF FOREIGN EXCHANGE RAIFFEISEN BANK INTERNATIONAL AG ROAYL BANK OF CANADA SHANGHAI PUDONG DEVELOPMENT BANK SHENZHEN DEVELOPMENT BANK CO. LTD. SHINHAN BANK (CHINA) LIMITED SOCIETE GENERALE (CHINA) LIMITED STANDARD CHARTERED BANK (CHINA) LIMITED STANDARD CHARTERED BANK (CHINA) LIMITED SUMITOMO MITSUI BANKING CORPORATION (CHINA) LIMITED THE BANK OF EAST ASIA (CHINA) LIMITED THE EXPORT-IMPORT BANK OF CHINA THE KOREA DEVELOPMENT BANK THE ROYAL BANK OF SCOTLAND (CHINA) CO., LTD.
    [Show full text]