Long-Term Commitment, Trust and the Rise of Foreign Banking in China
- Qing Lu, University of Hull, UK
The rapid growth of foreign banks has aroused a growing interest in the academic field and specifically as regards to the question of why foreign banks exist. This book aims to establish the relationship between trust as contextual knowledge capital built between the Chinese government and foreign banks and foreign banks. knowledge capital and the relationship between the former and foreign banks. long-term commitment. By investigating the development strategy of foreign banks and by examining and explaining the importance of foreign banks. long-term commitment to their development, this book has demonstrated that foreign banks established branches in China not only to follow their home-country customers in order to retain their knowledge capital but also to gain market access. Trust as contextual knowledge capital built between foreign banks and the Chinese government could assist their knowledge capital retention and their market access strategy. Foreign banks. long-term commitment could help them to achieve this contextual knowledge capital. This book thus has major implications for the development strategy of foreign banks in a government-oriented economy with a controlled banking sector.View full description
Students and academics in Asian studies and banks interested interested in setting up branches in China
- Published: September 2007
- Imprint: Chandos Publishing
- ISBN: 978-1-84334-321-9
Table of ContentsChinaâs banking system and the central governmentâs regulation of foreign banks; Factors influencing the growth of foreign banksâ branches; Central government control over foreign banksâ customers in China; The development of foreign banksâ customers in China; Development of foreign banks in China; Case study: How did HSBC build trust with the Chinese government? Conclusion.