Multinational banking in China after WTO accession: a survey
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 20 February 2009
Abstract
Purpose
The purpose of this paper is to understand the market entry dynamics of foreign banks in China.
Design/methodology/approach
The paper employs multi‐method approaches combining both questionnaires survey data and qualitative interviews. Also, integration of internalization theory (at the macro level) and strategy literature (at firm level).
Findings
The paper clarifies why and how foreign banks enter the Chinese market, and strategies adopted to cope with local market dynamics; also, the paper identifies major trends and key competitive advantages of foreign banks.
Practical implications
Major advantages and weaknesses have been identified, which will help foreign entrants to make greater inroads into the domestic banking market. The paper shows how to manage risks and make governance structure more efficient and transparent, which are urgent tasks for policy makers.
Originality/value
The paper utilizes the first nation‐based dataset to investigate the Chinese market, and offers practical implications for local regulators and policy makers and bankers.
Keywords
Citation
Meng, C. (2009), "Multinational banking in China after WTO accession: a survey", Journal of Financial Regulation and Compliance, Vol. 17 No. 1, pp. 29-40. https://doi.org/10.1108/13581980910934027
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited